The lender’s green mortgage five-year fixed rate, at 80% LTV, has been reduced from 3.99% to 3.85%. The standard five-year fix at 80% LTV is now down from 4.09% to 3.95%. There are zero product fees on both mortgages and they come with £350 cashback and a free valuation.
At 75% LTV, the five-year fixed rate has been reduced from 3.35% to 3.15%. The green alternative is now 3.05%, reduced from 3.25%. Both come with free valuations and £750 cashback. There are no application fees on either 75% LTV deal, and product fees for both are charged at £1,995.
Moray Hulme, Paragon Bank’s mortgage sales director, said: “Landlords are looking to add to portfolios to satisfy growing levels of tenant demand. We have re-priced some of our rates to provide investors with some competitive mortgages at 75% and 80% LTV.”
Original article featured here…