The lender has cut rates by 15 basis points for new customers purchasing or remortgaging SSC properties. Products are available up to 80% LTV, with pricing now starting from 3.14% on two-year fixes for EPC A–C homes, rising to 4.14% on five-year fixes.
Paragon has also added new 1.50% fee five-year fixed-rate products across SSC, HMO and multi-unit block lending. Available up to 75% LTV, the range is priced from 4.90%.
Rates have been reduced on Paragon’s limited-edition SSC products, also offering £500 cashback and available up to 70% LTV. Two-year fixed products with a 4% fee now start from 3.20% for EPC A–C properties.
James Harrison, product manager at Paragon Bank, said: “Reducing rates across our whole range of mortgages for SSC properties provides more options for landlords who are still very much active in the market. Additionally, our market analysis has identified the popularity of lower fee products, so we are offering greater choice to assist brokers in matching the right product for each application by adding this additional 1.5% fee option to our five-year fixed range.”
