Paragon Bank has launched new limited edition five-year fixed rate products, which include nil and 3% fee options, alongside £3,995 fee products. Rates start at 4.94% with a 3% fee, available for single self-contained (SSC) properties rated EPC A-C, increasing by 5 bps for those with EPC ratings of D or E. HMOs can be financed with rates from 5.19% on the 3% fee option. The £3,995 fee five-year fix starts at 5.45%, while the nil fee product starts at 5.74% when purchasing or remortgaging SSCs with A-C rated EPCs. The products are subject to a £299 application fee, with 3% and £3,995 fee products offering £750 cashback.

HSBC UK has reduced residential and buy-to-let (BTL) mortgage rates by up to 0.47%. All two-year fixed residential mortgages have been reduced by up to 0.16%, while all five-year rates for purchase and remortgage have been cut by up to 0.15%. The lowest standard rate now starts at 4.09%, while premier customer rates are available from 4.06%. Rates for existing customer switchers have seen rates reduced by up to 0.47%, while remortgage BTL rates to HSBC have been cut by 0.23%.

Melton Building Society has made enhancements to its self-build product range as a result of broker and customer feedback. Under the changes, the society has removed early repayment charges across its entire range and reinspection fees. Products in the range are available for self-build, custom build, renovation and conversion projects. In addition, the funds can be used to purchase the land and fund build costs, subject to full planning permission.

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