Responding to landlord demand for longer-term fixes, it has also launched a 4.80% five-year fix with a 2% fee at 75% LTV. There are also six two-year fixed rate products, starting at 3.75% with a 2% fee at 75% LTV.

The new range has 18 products in total, catering for landlords with larger rental portfolios, including multi-unit blocks and HMOs.

John Heron, managing director of Paragon Mortgages, said: “We have given our buy-to-let product range for large-scale landlords a complete refresh for the Christmas period. We have witnessed a strong increase in tenant demand through 2014 and it is important that professional landlords expand the supply of rental property to help satisfy this demand. Our improved range of buy-to-let products should help them deliver this.”