The limited-edition products include zero-, 3% and £3,995 fee options and go up to 75% loan to value (LTV).

Pricing starts from 4.94% for the 3% fee options and is available for single self-contained (SSC) properties with an Energy Performance Certificate (EPC) rating from A to C, rising to 4.99% for houses with an EPC rating of D or E.

For houses in multiple occupation (HMOs), rates begin from 5.19% with a 3% fee.

Paragon’s limited-edition five-year fixed rate with a £3,995 fee starts at 5.45%, and the no-fee option begins at 5.74% if buying or remortgaging an SSC with an EPC rating between A and C.

The limited-edition products come with a £299 application, while the ones with 3% and £3,995 fees are offered with £750 cashback.

The products can be used by landlords purchasing or remortgaging properties as individuals or through limited company structures in England, Scotland and Wales.

James Harrison, Paragon Bank’s product manager, said: “We’re kicking off the year with a new limited-edition range with rates that are up to 30 basis points lower [than] the equivalent core products they replace. This will broaden choice for landlords looking to remortgage or add to their portfolios.

“With rates coming down, we’re seeing an increase in the popularity of mortgages with lower and fixed fees.”

In December, Paragon lowered its BTL mortgage rates by up to 50 basis points, with rates at the time beginning from 3.64%.