Paragon Bank, the specialist lender, has reduced rates on selected 75% and 80% LTV five-year fixed rate buy-to-let products.
The lender’s green mortgage five-year fixed rate, at 80% LTV, has been reduced from 3.99% to 3.85%. The standard five-year fix at 80% LTV is now down from 4.09% to 3.95%. There are zero product fees on both mortgages and they come with £350 cashback and a free valuation.
At 75% LTV, the five-year fixed rate has been reduced from 3.35% to 3.15%. The green alternative is now 3.05%, reduced from 3.25%. Both come with free valuations and £750 cashback. There are no application fees on either 75% LTV deal, and product fees for both are charged at £1,995.
Moray Hulme, Paragon Bank’s mortgage sales director, 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.”
Original article featured here…
Paragon recently hired Ray Wong as relationship director, to cover the Midlands, London and South East. Ray previously worked as relationship director for Shawbrook Bank.
source https://commercial-mortgages-broker.co.uk/buy-to-let-news/paragon-reduces-rates-on-selected-btl-products/
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