Paragon Bank has reduced rates across four of its 80% and 75% loan-to-value (LTV) 5-year fixed-rate buy-to-let products.
At 80% LTV, 5-year fixed rates have been reduced from 4.09% to 3.95%, with a green mortgage (available for EPC A-C properties) reducing to 3.85% from 3.99%.
Both of these products have no product fee and include a free valuation and £350 cashback.
At 75% LTV, a standard 5-year fix has been cut from 3.35% to 3.15% with the green alternative falling from 3.25% to 3.05%.
Product fees for the 75% LTV deals are charged at £1,995 and both products feature free valuations, no application fees and £750 cashback.
Moray Hulme, mortgage sales director at Paragon Bank, said: “Landlords are looking to add to portfolios to satisfy growing levels of tenant demand. We have re-priced some of our rates to provide investors with some competitive mortgages at 75% and 80% LTV.”
