Paragon Bank has launched three limited-edition landlord fixed-rate loans with 75% loan-to-value ratios, with interest rates starting at 3.29%.
The specialist lender said the two-year fixed-rate mortgage includes a 3.29 per cent option for single detached properties with energy performance certificate ratings A to C, rising to 3.34 per cent above this.
These limited edition products come with a free mortgage valuation and £500 cashback.
There is no application fee for the single detached option, rising to £299 for fixed-rate mortgages on mixed-use houses and multi-unit blocks, with a 5% charge on all products.
James Harrison, mortgage product manager at Paragon Bank, said: “Our research shows that the majority of landlords looking for a two-year fixed option are looking for an LTV above 70 per cent, so we believe the combination of an attractive rate and a 75 per cent LTV will be attractive to landlords looking to expand their portfolio or remortgage an existing property.”
“Demand for energy-efficient homes remains strong in the rental sector and landlords are responding to this trend.”
