Friday, February 16, 2024
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Paragon Bank has launched its lowest buy-to-let rates in over 18 months, offering sub-4% fixed-rate loans for landlords with 5% setup fees.
The specialist lender provides two-year fixed-rate deals starting at 3.94% for single self-contained properties rated A to C, and 3.99% for properties rated D to E.
For houses in multiple occupation, rates start from 4.19%. These deals are available to portfolio landlords and come with a 5% fee. Paragon Bank also offers two-year fixes at 75% LTV, with rates starting at 4.85% for green properties and 4.90% for standard properties.
The mortgages are available to landlords in England, Scotland, and Wales. Paragon Bank's commercial director, Louisa Sedgwick, stated that the bank wanted to show some love to its landlord customers on Valentine's Day by offering its lowest rates in over 18 months.
Call Trinity Specialist Finance to secure a mortgage on 020 7016 6151 or book a consultation
Source: Mortgage Finance Gazette Mortgage Strategy
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