Paragon Bank is the latest lender to refresh its range of buy to let mortgages, reducing rates on selected products by 50bps.    

The refresh sees reductions across two-year and five-year fixed rate BTL mortgages with a choice of nil, 3% and 5% fees, alongside a £3,995 fee product. 

The products are available for purchase and remortgage with options at 65%, 70% and 75% loan to value.

Highlights include 70% LTV two-year fix with rates from 3.64% for Single Self Contained (SSC) properties (EPC A-l to C), 5% initial fee and £299 application fee.

There’s also a limited edition 65% LTV five-year fix with rates from 4.59% for SSC properties (EPC A to C), 5% initial fee and £150 application fee; plus a 75% LTV five-year fix with rates from 5.55% for SSC properties (EPC A to C), £3995 fee, £299 application fee and £750 cashback.

These rates increase by 5bps for properties with an EPC rating of D or E and 25bps for Houses in Multiple Occupation (HMO) and Multi-Unit Blocks (MUB).

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

A spokesperson for Paragon says: “The economic uncertainty surrounding the Budget has largely subsided, helping to bring swap rates down. Passing this on to our customers, we’ve reduced rates across a wide range of buy-to-let mortgages.

“The range refresh sees us offer competitive rates across different fee options and products available at 65%, 70% and 75% LTV. A selection of our products benefit from £750 cashback, with others offering a reduced application fee of £150.”