Looking for a mortgage deal that’ll give you peace of mind for the next five years? Paragon Bank has just launched some limited edition deals that might be perfect for you.

Paragon is offering four new fixed-rate buy-to-let mortgages for a period of five years. These deals are split into two groups – two options for landlords with three or fewer buy-to-let properties, and two for those with four or more.

Focus on Single Properties

These new deals are all about single self-contained properties (think flats or houses, not shared accommodation). The maximum you can borrow is 65% of the property’s value, meaning you’ll need to put down a bigger deposit.

Interest Rates and Energy Ratings

Here’s where it gets interesting. The interest rates are influenced by the Energy Performance Certificate (EPC) rating of the property:

• A-C Rated Properties: You can grab a mortgage at a rate of 5.45%.
• D or E-Rated Properties: The rate is slightly higher, at 5.50%.

Who Can Apply?

These deals are open to individuals and limited companies in England, Scotland, and Wales.

What’s the Catch?

There’s a £2,995 fee attached to these products, so factor that into your calculations.

Paragon’s View

Louisa Sedgwick, Paragon Bank’s mortgages commercial director, explained the thinking behind these deals: “We want to give landlords more choice and cater to a wider range of needs, not just those with big portfolios.”

She also pointed out that while Paragon is known for helping with HMOs (houses in multiple occupation) and larger blocks, they’re also keen to help those starting out with single properties: “The lower loan-to-value of 65% means those who can put down a bit more deposit can benefit from lower rates.”