Lender offers preferable rates to landlords with best EPCs

Lender offers preferable rates to landlords with best EPCs


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Paragon Bank has bolstered its range of buy to let mortgages with the launch of limited edition five-year fixed-rate deals at 65% loan-to-value.  

Rates start from 4.74% for the purchase or remortgage of Single Self-Contained properties rated EPC A to C, increasing by 5bps for properties with EPC ratings of D or E.

These products incur product fees of 5%, while 3% fee and nil fee options are available with rates starting from 5.14% and 5.74% respectively.

The limited edition range also includes five-year fixed-rate mortgages suitable for Houses in Multiple Occupation and Multi-Unit Blocks.

Rates for HMO/MUB start from 5.19% with a 5% fee, increasing to 5.59% with a lower 3% fee. A nil fee option is available with a rate of 6.19%.

All products are available for individual and limited company applications in England, Scotland and Wales.

ICRs are aligned to initial rates or at 5% where the product rate is below 5%.

James Harrison, product manager at Paragon Bank, says:“We’re keen to support landlords through a range of product options and these limited edition 5%, 3% and nil fee 65% LTV mortgages provide customers with more choice.

“Offered at a lower loan-to-value of 65%, these products will be particularly appealing to those that can put down a slightly larger deposit to benefit from lower rates.”

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