Paragon Bank has launched two new Buy Sale Products (BTL) products that offer up to 80% loan-to-value (LTV).
Lender’s new 80% LTV BTL mortgage can be used to purchase or reconsider the A-to-C Energy Performance Certificate (EPC) rating.
There is an option to determine prices for over two-year and five-year terms, with both products at 6.14% without product fees and a £299 application fee.
Paragon also lowered all 70% and 75% LTV products by 10 basis points of a single standalone (SSC) attribute and removed the 3% product fee filing fee from the 75% LTV products.
The two-year fixed interest rate starts at 3.24%, the product fee is 5%, and the application fee is £299.
At 75% LTV, the two-year fix is priced at 4.24%, and the product is 3%, with no filing fees. After five years of repair, the rate is 4.74%, the fee is 5%, and the application fee is £299.
Elsewhere, precise prices prune prices, introduce the highest LTV, increase the maximum loan size and reduce stress rates.
Changes to key products include a 0.70% reduction in price, with prices starting at 4.89%.
The maximum LTV has increased from 85% to 95%, and the fees can be added to the loan, while the maximum loan size has increased from £2 million to £5 million.
The precise two- and three-year product pressure rate also decreased to 1.25%.
