The new switch products are available up to 80% LTV, while further advances are offered up to 75% LTV.

Both can be used for single self-contained properties, houses in multiple occupation (HMOs) and multi-unit blocks (MUBs).

At 75% LTV, rates start from 5.1%, equivalent to base rate plus 1.35%, with a 1.5% fee.

An alternative option with a 0.75% fee is available from 5.47%, equivalent to base rate plus 1.72%.

For HMOs and MUBs, rates start from 5.45%, or base rate plus 1.7%, with a 1.5% fee.

A 0.75% fee option is available from 5.82%, or base rate plus 2.07%.

In its switch range, Paragon has also launched an 80% LTV 12-month tracker with no fee.

All products are available on a two-year tracker term, with the exception of the 80% LTV switch option.

The products include early repayment charges of 2% in year one and 1% in year two.

Paragon mortgages product manager James Harrison says: “Since launching our Bank base rate tracker range, we’ve seen strong engagement from brokers and their landlord clients.

“By introducing switch and further advance options, we’re enabling existing customers to access this tracker product when reviewing their borrowing or raising additional funds.

“This ensures landlords can take a consistent approach across their portfolios, whether they are refinancing or funding further investment.”