Paragon Bank has reduced rates across 22 of its buy-to-let (BTL) mortgage products, with fixed rate deals now starting at 4.59%. The reductions come after cuts across a range of Paragon LTV bands for both portfolio and non-portfolio landlords. Highlights include a 26bps reduction on Paragon’s 70% LTV two-year fixed rate product, which is now priced at 4.59%. This rate is also available to portfolio landlords for the purchase or remortgage of single self-contained homes with A-C EPC ratings. Rates increase to 4.64% for properties banded EPC D-E and 4.84% on HMOs and MUBs.

Bestinvest has launched a new giveaway which provides up to £1,000 in cashback on new account transfers on its platform. The firm’s autumn cashback transfer campaign is designed to support the UK’s growing band of do-it-yourself investors, with an increasing amount of cashback for an increasing account transfer. For £1,000 transfers, investors can receive £100 cashback, with £1,000 available when £100,000 is transferred in. With the offer applying per person, a family of four that transfers accounts in each of their names could potentially earn up to £4,000 in one go. The offer will end on 30 November.

Vida has announced a new range of limited-edition products, with two and five-year products available up to 65% LTV across BTL and residential on the Vida 36 tier. The BTL products are available on standard, HMOs and MUBs with a fixed fee of £4,995. Initial rates start at 6.79% and 6.44% on two and five-year fixes respectively. Residential products initial rates are now at 7.19% on a two-year fix and 6.94% on a five-year fix with a £995 fee. All products are backed by Vida’s service pledge, which allows brokers to request a refund of the £180 application admin fee if they feel they have received anything but excellent service.

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