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Paragon Bank issued a limited series of five-year fixed-rate mortgages.
Offered at LTVs up to 75% and designed for portfolio landlords, rates start at 4.90% for properties rated A to C EPC and 4.95% for properties rated D or E.
Each of the above products charges a 3% commission.
The other two products come with a £2,495 fee and, divided into the same two EPC categories above, start at 5.25% and 5.30%.
The maximum loan limit is set at £4m and the interest coverage ratio is 5.50%.
Paragon Mortgage Sales Director Moray Hume comments: “This expands our range of fixed rate products, which is good news for portfolio landlords who need the confidence to remortgage one of their existing properties or purchase homes in response to sustained strong demand from tenants. ”
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