Paragon Bank has simplified its buy-to-let mortgages proposition, removing the differentiation between portfolio and non-portfolio landlords to make it simpler for brokers to find products for their clients. With portfolio and non-portfolio mortgage products consolidated, Paragon will tell brokers which mortgage is suitable for their landlord client at the start of the process. The lender has also been able to reduce its product guides from nine to three, with options for BTL, switch or further advance mortgages. The change is complemented by a refresh of Paragon’s intermediary website.

Suffolk Building Society has reintroduced its 95% LTV products across its range of residential fixed and discount products. The society has also made reductions on its residential products at 80% and 90% LTV, with up to 29 bps off interest-only deals. The new 95% LTV products include a two-year fixed at 5.89%, a five-year fix at 5.49% and a two-year discount product at 5.85%. In addition, the lender’s 90% LTV two-year fix has reduced by 4 bps to 5.55%, while at 80% LTV, a two-year fix and discount rate has been cut to 5.29% and 5.25% respectively. In Suffolk’s interest-only range at 80% LTV, a two-year discount product is down by 29 bps to 5.50%, a two-year fixed rate has been up to 5.44% and a five-year fixed rate now starts from 5.29%.

Kensington Mortgages has made improvements to its professionals product range and has launched new 95% LTV special rates. The lender has removed its maximum age limit of 40 at application from its professional mortgage, allowing for more eligible borrowers to benefit from the enhanced affordability. The range includes up to 90% LTV, both at two- and five-year fixed options and is available to purchase as well as remortgage customers, with borrowers able to borrow up to six times their income. Kensington has also launched two 90% LTV special rates for its professionals customers, including two- and five-year fixed rates at 7.19% and 6.79% respectively. The lender is also offering new 95% LTV rates, which include £1,000 cashback, free valuation and no fees. These include a two-year fix at 7.69%, a three-year fix at 7.39% and a five-year product at 7.19%.

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