This news comes after the lender forecast a boom of remortgaging activity in the buy-to-let sector this year. The catalyst behind this is the new underwriting standards that were brought in by the PRA in 2017. The 70% LTV fixed rate switch products now start at 2.95%, at 75% LTV from 3.10%, and at 80% LTV from 3.85%. For further advance fixed rates, the 70% LTV product now starts at 3.40%, 75% LTV from 3.50% and at 80% LTV from 3.95%. The range is suitable for financing single self-contained properties, HMOs and also MUBs.
In November, Paragon reduced rates on selected 75% and 80% LTV five-year fixed rate buy-to-let products. The lender’s green mortgage five-year fixed rate, at 80% LTV, was reduced from 3.99% to 3.85%. from CMB https://commercial-mortgages-broker.co.uk/buy-to-let-news/paragon-reveals-switch-and-further-advance-range-repricing/ from https://commercialmortgages2.tumblr.com/post/672560304397402112
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