News in brief - 2 December 2024

Paragon Bank has launched a range of limited edition five-year fixed rate deals at 65% LTV. Rates start from 4.74% for the purchase or remortgage of single self-contained (SSC) properties with a A-C EPC ratings, increasing by 5 bps for properties with EPC rating of D or E. The products incur product fees of 5%, while 3% and nil fee options are available with rates starting from 5.14% and 5.74% respectively. The range is also available for HMO and MUBs, with rates starting at 5.19% with a 5% fee, increasing to 5.59% with a 3% fee and 6.19% on the nil fee option.

West One Loans has reduced rates across its buy-to-let (BTL) range by up to 15 bps. The lender has cut rates on its two- and five-year products, now starting from 2.49% and 4.44% respectively. The lender has also cut its BTL limited edition range by up to 11 bps. As a result, the lender’s limited edition two-year fixed rates are available from 3.68%, while the five-year equivalents are available from 4.23%.

Clydesdale Bank has increased rates on its high LTV mortgage product range. Across its core residential range, a 90% LTV two-year fix with a £999 fee has increased by 0.10% to 5.35%. Two-year fixed rates at 95% LTV have increased by 0.20% and start from 5.54% with a £999 fee and 5.78% fee-free. On the lender’s five-year products at 90% LTV, rates have been increased by 4.90% with a £999 fee and 5.04% fee-free. On Clydesdale’s five-year 95% LTV rates have been increased by 0.10% to 5.29% and 5.54% with a £999 fee and no fee respectively.



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