The products include lower rates for properties with EPC ratings between A and C and are available up to 75 per cent loan to value (LTV).
Pricing starts at 5.75 per cent for landlords borrowing up to £4m for the purchase or remortgage of a single self-contained (SSC) unit, and the interest coverage ratio (ICR) is set at the pay rate.
The products come with a five per cent product fee and include a free valuation.
The lender is also offering a mortgage for SSC properties with a flat fee of £2,995 with pricing beginning at 6.45 per cent. The maximum loan size is £1m, there is no application fee and it offers a free valuation.
There is also a limited edition product for landlords purchasing or remortgaging houses in multiple occupation (HMO) or multi-unit blocks (MUB).
Pricing begins at six per cent with a five per cent product fee and the ICR calculated at six per cent. It has a maximum loan size of £4m and a free valuation.
A flat-fee option is available at £2,995 fee, starting from 6.7 per cent with ICR calculation to match and maximum loan at £1m. It offers a free valuation and no application fees.
Louisa Sedgwick (pictured) commercial director at Paragon Bank, said: “With swap rates falling recently, helped by better-than-expected inflation figures, we were keen to pass on these lower rates to customers as quickly as possible.
“These products are extremely competitive in the current market and being limited edition means they may not be around for long, when they’re gone, they’re gone, as they say.”
She added: “With fixed and percentage fee options available, as well as maximum loan sizes up to £4m, we’re offering choice that we think will appeal to a range of portfolio landlords.”
