Editor's note: This brief was summarised by The Property AI Newsroom from a report by Landlord Today. Read the original article for full details.

Paragon Bank Cuts Buy-to-Let Mortgage Rates for Landlords

Paragon Bank has reduced rates by 15 basis points across a selection of five-year fixed-rate buy-to-let mortgages. The changes apply to landlords purchasing or remortgaging single self-contained properties (SSCs), houses in multiple occupation (HMOs), and multi-unit blocks (MUBs).

The refreshed mortgage range includes products at 60%, 70%, 75%, and 80% loan-to-value (LTV), with some options available as limited editions. Paragon Bank has also extended these reductions to its Tailored proposition, which is designed to support buy-to-let applications that fall outside standard lending criteria.

These updates may be of interest to UK letting agents and inventory clerks working with landlords considering new purchases or remortgages in the buy-to-let sector.