The specialist buy-to-let lender has updated its range of fixed rate products to include a new 2-year fix at 4.45% with a 2% product fee and is available for single, self-contained properties and HMOs and multi-unit blocks.
There are also a variety of tracker rates available including a lifetime tracker, with a 1.50% product fee up to 75% LTV. The range of tracker rate products also includes three new two year options with initial rates starting at 4.75%.
John Heron, managing director of Paragon Mortgages, said: “We have refreshed and expanded our product range to ensure that we remain competitive in the professional and large-scale landlord market.
“The range includes not just a variety of rates but terms too, there is more choice. So if landlords do want the benefit of fixing for a longer-term we have a 5-year fix, and also a lifetime tracker available.
“Two and 3-year terms have their place in the product mix, but there is certainly demand from landlords to fix for longer periods.”