Paragon Bank has launched four new five-year fixed rate products for buy-to-let (BTL) borrowers.

The mortgages are available at 70% LTV and 75% LTV and are aimed at portfolio landlords, be they individuals, limited companies or limited liability partnerships.

Each comes with a free valuation and £750 cashback and cane be used for purchase or remortgage. Paragon has also removed its £100,000 minimum loan rule.

For properties with an energy performance certificate rating of A to C, rates start at 2.95%.

For properties with an energy efficiency rating below this level, rates start at 3.05%.

Earlier this month, Paragon reduced rates across its BTL products.

Paragon director for mortgage sales Moray Hulme says: “Our recently refreshed product range has proven popular, suggesting that landlords have been actively modifying their portfolios, whether that be boosting private rented sector stock through purchasing additional properties or taking advantage of the current low-rate environment to get a good remortgage deal.”