Paragon reprices buy-to-let range with 20bps cuts and broader fee options

Paragon Bank has applied a 20bps rate reduction across its buy-to-let mortgage range, affecting both two-year and five-year fixed products for purchase and remortgage up to 75% LTV.

The reprice also brings a refreshed fee structure, giving brokers five options when placing cases: nil, 3%, 4%, 5%, and a flat £3,995 fee.

The lowest pricing sits within Paragon's green mortgage tier, available on single self-contained (SSC) properties rated EPC A-C. Two-year fixed green SSC products now open at 3.55% at 75% LTV, with five-year equivalents starting from 4.75%. Non-green SSC properties carry a 5bps premium across both fix terms.

For HMO and multi-unit block (MUB) cases, rates have also been reduced, though these remain priced 15bps above equivalent green EPC SSC products. All products are accessible to both individual landlords and limited companies across England, Scotland and Wales, giving brokers broad placement scope across portfolio and non-portfolio cases.

Jason Wilde, head of mortgage sales at Paragon Bank, said: "Landlords are navigating a market that continues to be shaped by political and economic uncertainty." 

"In this environment, we are seeing many opt for higher fee products in order to secure a lower headline rate.

"That won't be the right approach for everyone, however. By reducing rates across the whole range and maintaining a breadth of fee options, we're giving landlords the flexibility to choose products that best suit their own circumstances and portfolio strategy."