Paragon Bank has introduced new two-year Bank Base Rate (BBR) trackers to its buy-to-let range.
The revised range is available up to 75% loan-to-value (LTV) across single self-contained properties (SSCs), houses in multiple occupation (HMOs) and multi-unit blocks (MUBs).
For SSC properties at 75% LTV, the latest two-year tracker is priced from BBR plus 1.00% (currently 4.75%), with a 2.00% product fee. The product includes a free mortgage valuation, no application fee and no early repayment charges.
Two-year tracker options for HMOs and MUBs at the same LTV tier start from BBR plus 1.35%, also with a 2.00% fee. These products include no early repayment charges and a free valuation.
Paragon has also reduced rates by 15bps on selected two-year fixed-rate mortgages.
Within the SSC range, rates begin at 3.40% for properties with an EPC rating of A to C at a 5.00% fee level, or 3.45% for less energy efficient properties.
A mid-fee option of 3.00% is available from 4.40%, while a nil fee alternative is offered from 5.90%.
Selected products include free valuations and no application fees, with £500 cashback available on the higher fee option.
For HMOs and MUBs, pricing starts from 3.55% at a 5.00% fee, moving to 4.55% with a 3.00% fee and 6.05% on a nil fee basis. These products also include free valuations, with application fees set at £299.
All fixed-rate products carry early repayment charges of 3% in each of the first two years and revert to Paragon’s standard variable rate, currently 7.35%, less 1.25%.
James Harrison, product manager at Paragon Bank, said: “We’ve had a strong response to our BBR tracker range over the past six months after launching five-year options in December last year, before adding two-year terms at the start of this year.
“Extending the range to total 14 options for new customers, alongside six switch and four further advance products, and introducing more fee options, we are giving brokers greater scope to match products to their clients’ priorities, whether that is focusing on pay rate, upfront cost or overall balance across a portfolio.”




