Paragon unveils limited edition 75% LTV buy-to-let offering

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Paragon Bank has introduced a new range of limited edition buy-to-let mortgages at 75% loan-to-value, with two-year fixed rates starting from 3.29%.

The specialist lender’s new products include a 3.29% rate for single self-contained properties with an EPC rating of A to C, and 3.34% for those rated D or below.

For houses in multiple occupation and multi-unit blocks, a 3.64% rate is available.

Each of the limited edition products includes a free mortgage valuation and £500 cashback. The single self-contained options carry no application fee, while the HMO and multi-unit products have a £299 fee. All come with a 5% product fee.

James Harrison, mortgages product manager at Paragon Bank, said: “Our research shows that the majority of landlords looking for two-year fixed options are seeking LTVs above 70%, so we are confident the combination of attractive rate and 75% LTV will be appealing for landlords seeking to grow portfolios or remortgage existing properties.”

He added: “There remains strong demand for energy efficient homes in the rental sector and landlords are responding to that trend.

“Our green options, which are available for properties with EPC ratings of A to C, offer great value for those landlords seeking energy efficient properties.”

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