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Paragon Bank has introduced a 4.69% five-year fixed-rate buy-to-let (BTL) mortgage, marking its lowest rate in over a year. This rate applies to properties with Energy Performance Certificate ratings of A-C up to 70% LTV. The bank has also set an industry precedent by waiving early repayment charges (ERCs) in the first year, followed by a flat 3% fee. Additionally, Paragon offers a no-product-fee five-year option at 6.30% for properties at 65% LTV.
Last week, the lender reduced its range of five-year BTL products by 30bps. Louisa Sedgwick, commercial director, remarked on the competitive rate, adding their new offerings provide flexibility and choice for brokers and landlords.
Call Trinity Specialist Finance to secure funding on 020 7016 6151 or book a consultation
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