Paragon issues new five-year BTL fixes


Paragon Bank has brought out a set of limited edition five-year fixed rate buy-to-let mortgages.

Available at up to 75% LTV and aimed at portfolio landlords, rates start at 4.90% for properties with an EPC rating of A to C and 4.95% for properties with a D or E rating.

Each of the products above charges a 3% fee.

The remaining two products come with a £2,495 fee and, split into the same two EPC categories above, start at 5.25% and 5.30%.

The maximum loan limit is set at £4m and the interest coverage ratio is at 5.50%.

Paragon director for mortgage sales Moray Hulme comments: “This improves our range of fixed rate products so is good news for portfolio landlords who want some certainty when remortgaging one of their existing properties or purchasing homes in response to what is now sustained strong tenant demand.”

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