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Paragon adds green BTL products to support government scheme By Rebekah Commane 1 st February 2021 9:46 am Paragon has launched four green further advance products for landlords who have been accepted for a Green Homes Grant. No application or product fees apply to the products, which include a free valuation. Rates start at 3.35 per cent on the products, which are available over two- and five-year terms, up to 75 per cent LTV for maximum loans of £750,000 and up to 70 per cent LTV on loans up to £1m; there is a maximum loan to value of cap of 65 per cent on borrowings up to £2m. ....
Paragon Bank has launched four green further advance products to support landlords in improving the energy performance of their properties. Rates start from 3.35% and all four products have no application fee, no product fee and include a free valuation. In order to be eligible for one of the new green products, landlords must have been accepted for a Green Homes Grant under the government scheme, which covers two-thirds of the eligible improvements, up to a maximum contribution of £5,000. Paragon’s green further advance product can be used to fund the remainder of the work. Moray Hulme, director of mortgage sales at Paragon, said: “We are pleased to be able to support landlords improve the energy performance of their properties and drive standards in the private rented sector. ....