For a five-year fix available on single self-contained (SSC) properties, houses in multiple occupation (HMOs) and multi-unit blocks (MUBs), rates start at 6.24%.
This range includes a free valuation and no application fee.
There are also two product switch options and two further advance products, including two- and five-year fixed terms.
This builds on the offering that Paragon first introduced in April, with purchase and remortgage options.
Russell Anderson, commercial director of mortgages at Paragon, said: “Adding 80% LTV products to our range gives landlords more choice and flexibility, and we have seen a positive response to the launch of our purchase and remortgage range in April.
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“We want to ensure that our existing customers also benefit from the flexibility that 80% LTV products offer, so we are pleased to expand our range to both product switches and further advances.”
LendInvest cuts five-year residential rates and introduces cashback
LendInvest has cut rates across all of its five-year fixed residential products by 10 basis points.
The lowest rate is now 5.19%.
The lender has also added a £400 cashback incentive to all its residential mortgage products.
Paula Mercer, director of sales at LendInvest, said: “At LendInvest, we can appreciate all of the added costs when buying or remortgaging a home. As the cost of everyday living seems to be always rising, we’re thrilled to offer up to £400 cashback.
“This cashback incentive, along with a 10bps reduction on all of our five-year fixed term residential mortgages, will empower and enable brokers to support their clients who may no longer fit the traditional mould of high street lending.”
