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Paragon Bank reduces buy-to-let mortgage rates 

  • 80% LTV mortgage rates now from 3.85%
  • 75% LTV mortgage rates now from 3.05%
  • Products offered with free valuations and cashback

Paragon Bank has reduced rates across four of its 80% and 75% loan-to-value (LTV) five year fixed-rate buy-to-let products.

The reductions across 80% LTV products include:

  • Five year fixed-rate reduced to 3.95% from 4.09%
  • Five year fixed-rate 80% LTV green mortgage (available for EPC A-C properties) reduced to 3.85% from 3.99%

Both of these products incur nil product fee and include a free valuation and £350 cashback.

The reductions across 75% LTV products include:

  • Five year fixed-rate reduced to 3.15% from 3.35%
  • Five year fixed-rate green mortgage (available for EPC A-C properties) reduced to 3.05% from 3.25%

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, Paragon Bank 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.”

The products, for professional buy-to-let landlords with four or more mortgaged buy-to-let properties, are available for those operating as limited companies or individuals. They are suitable for financing houses in multiple occupation (HMOs), single self-contained units (SSCs) and multi-unit blocks (MUBs) as well as holiday let properties.

Paragon’s full buy-to-let product range is available at www.paragonbank.co.uk.  

Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551