Many of the biggest lenders in buy-to-let mortgages have repriced their mortgages in the buy-to-let sector.
NatWest, HSBC and Barclays are among the biggest names to have adjusted their mortgages in both the buy-to-let and residential sectors.
Accord Mortgages has reduced its rates again on its buy-to-let product – this time by up to 0.20 per cent across all loan-to-values (LTVs) up to 75 per cent.
Paragon Bank’s refreshed range of buy-to-let mortgages is now offered at up to 75 per cent LTV and features three per cent, five per cent, £2,995 and nil fee options available on products fixed over two and five-year terms.
Louisa Sedgwick, managing director for mortgages at Paragon, said: “An improving economic outlook gives us the opportunity to carry out a positive refresh of our range, taking up to 20 basis points off 20 products.
“We’ve also simplified our offering, and borrowers can choose from deals with nil product fees, percentage fees or a flat fee of £2,995.
“This provides some attractive options for landlords, such as our £2,995 fee product, which has no maximum loan cap so is available for loans up to £4 million on single, self-contained, houses of multiple occupation and multi-unit block properties.
“This is a great choice for larger loans and will appeal to a greater proportion of landlords now we have raised the LTV to 75 per cent.”
