Paragon Bank cuts five‑year buy‑to‑let mortgage rates

Paragon Bank has lowered rates by 15 basis points on a selection of its five‑year fixed buy‑to‑let mortgage products. The cuts apply to landlords purchasing or remortgaging single self‑contained properties, houses in multiple occupation (HMOs) and multi‑unit blocks across loan‑to‑value tiers of 60 %, 70 %, 75 % and 80 % in England, Scotland and Wales.

New rates start at 4.95 % on the green‑mortgage range for properties with EPC ratings A‑C, 5.00 % for EPC D‑E homes, and 5.10 % for HMOs and multi‑unit blocks. Options include nil‑fee, percentage‑fee and fixed‑fee structures, with some deals offering a £1,000 cashback. Product manager James Harrison said the reductions reflect a recent cooling of swap rates and give brokers additional tools to match borrowing requirements with the most suitable option for clients.