Specialist lender Paragon Bank has introduced a range of limited edition buy-to-let mortgages, including five-year fixed rate deals with zero or flat fees and discounted standard variable rates (SVRs). 

Nil fee five-year fixed rates are available for those purchasing or remortgaging single self-contained (SSC) properties, with rates starting at 6.35%, or houses in multiple occupation (HMOs) at 6.60%.  

Landlords can also choose a five-year fixed rate with a flat fee of £2,995, with rates starting at 6.05% for SSCs, or 6.30% for HMOs. The five-year fixed-rate deals are available at 65% loan-to-value (LTV) on loans up to £500,000.

The lender has also launched three 12-month discounted SVR rates, which start at 5.50% for SSCs and 5.75% for HMOs, and come with a 1.50% fee. All products include free valuations, no application fees, and are available to portfolio landlords in England, Scotland, and Wales.

“We’re delighted to launch a range of limited-edition products that we feel provide something a little different to those offered by many of our competitors,” Louisa Sedgwick, commercial director at Paragon Bank, stated, adding, “we’ve listened to brokers who have told us that nil and fixed fee options should appeal to landlords wanting higher loan amounts, up to £500,000, alongside the certainty of fixing rates for five years.”