Paragon Bank has launched a range of limited edition five-year fixed-rate landlord loans, which include nil and 3% fee options, alongside £3,995 fee products.
These mortgages are available up to 75% loan-to-value.
Rates start at 4.94% with a 3% fee, available for single self-contained properties with an energy performance certificate rating from A to C, increasing by 5 basis points for those with ratings of D or E.
Rates for houses in multiple occupation start from 5.19% on the 3% fee option.
Paragon’s £3,995 fee five-year fixes begin at 5.45%, while the nil fee product starts at 5.74% when purchasing or remortgaging a single self-contained home with an energy performance certificate rating from A to C.
These limited edition products come with a £299 application fee. The products with 3% and £3,995 fees are offered with £750 cashback.
The products are for landlords purchasing or remortgaging properties as individuals or through limited company structures in England, Scotland and Wales.
Paragon Bank product manager James Harrison says: “We’re kicking off the year with a new limited edition range with rates that are up to 30bps lower than the equivalent core products they replace.
“This will broaden choice for landlords looking to remortgage or add to their portfolios.
“With rates coming down, we’re seeing an increase in the popularity of mortgages with lower and fixed fees.”
