Paragon Bank has launched three new limited edition five-year fixed rate products, available at 75% loan-to-value (LTV), all with a 5% product fee.

The lender has added three limited edition five-year fixed rate products at 75% LTV to its range of buy-to-let (BTL) mortgages, alongside the recently launched three limited edition 60% LTV products.

On the 75% LTV options, rates start at 4.95% for single self contained (SSC) properties with an EPC rating of A to C, increasing by 5 basis points for properties with EPC ratings of D or E.

For houses in multiple occupation (HMOs) and multi unit blocks (MUBs), rates start at 5.20%.

Paragon Bank product manager James Harrison says: “We’ve seen a trend in landlords choosing higher fee products to secure a lower payrate. By cutting rates at 75% LTV and offering even better value at 60% LTV, we are aiming to ease affordability constraints for landlords and provide more flexibility in how borrowing costs are structured.”