Exclusive Five-Year Fixed-Rate Mortgage Deals for Portfolio Landlords

Paragon Bank is now offering a new selection of limited edition five-year fixed-rate mortgages tailored for portfolio landlords, boasting competitive rates starting from as low as 4.65%. These deals are specifically designed to cater to the diverse needs of landlords, offering both nil and 5% fee structures up to a 65% loan-to-value (LTV) ratio. Significantly, these products come with the added benefits of no application fees and complimentary mortgage valuations.

The bank’s latest mortgage range includes six distinct products aimed at landlords with multiple property portfolios, ensuring flexibility and affordability with LTVs capped at 65%. Interest rates commence at 4.65% for properties with A, B, or C Energy Performance Certificates (EPC), slightly rising to 4.70% for those with lesser energy efficiency. More specialized options for Houses in Multiple Occupation (HMO) or Multi-Unit Blocks (MUB) are available at a rate of 4.90%, attached with a 5% fee and Interest Coverage Ratios (ICR) calculated at 5.00%.

Additionally, Paragon has unveiled three zero-fee mortgage options, enhancing its green mortgage initiative with a rate of 5.70%, and offering rates of 5.75% and 5.95% for properties rated D or E on the EPC and for HMOs and MUBs, respectively. These innovative mortgage solutions are exclusively accessible to portfolio landlords—defined as those owning four or more buy-to-let properties—whether operating through limited companies or in their personal capacity across England, Scotland, and Wales.

Louisa Sedgwick, Commercial Director at Paragon Bank, highlighted the strategic pricing of these limited edition mortgages, noting they are approximately 25 basis points lower than the bank’s standard offerings. Sedgwick emphasized the aim to provide landlords with enhanced options for portfolio expansion or refinancing, aligning with the growing demand for rental properties. “We’re enhancing our range at 65% LTV to provide some attractive options for those who have larger deposits or who would like to leverage the equity in their portfolio to expand, increasing the number of homes that are very much needed to meet strong levels of tenant demand,” she stated.

These mortgage deals from Paragon Bank represent a timely response to the evolving needs of the buy-to-let market, offering portfolio landlords an opportunity to secure favorable terms amidst a highly competitive property landscape.