Paragon Bank has launched two further advance products for properties with EPC ratings of A, B or C.
The products are suitable for landlords who have four or more mortgaged buy-to-let properties and are looking for additional funding for lettings businesses they manage as individuals, limited companies or limited liability partnerships.
All products have a zero product fee, no application fee and are offered with a free valuation.
The 75% loan to value (LTV) further advances are available on houses in multiple occupation (HMOs) multi-unit blocks (MUB) or single self-contained units (SSCs) in England and Wales.
On HMOs and MUBs rates are fixed at 3.50% for two years and 3.75% over five years. Rates start at 3.35% on two-year fixes for SSCs, rising to 3.70% when borrowed over a five-year term.
Moray Hulme (pictured), director of mortgage sales, said: “We are committed to encouraging our landlords to invest in energy efficient properties, thereby increasing the proportion of A-C rated properties in the private rented sector (PRS).
“In March we launched products with market-leading rates to incentivise the purchase or remortgage of properties with EPC rating of A-C. We had a fantastic response to these and wanted to build on this to offer more choice for landlords who wish to improve the sustainability of their lettings businesses.”
