Paragon Bank has added two limited edition products to its portfolio buy-to-let range. 

The new deals are available on single self-contained units, houses in multiple occupation (HMOs) and multi-unit blocks (MUBs).

It is offering a two-year fixed at 2.65% with a 1% fee and a five-year fixed at 2.99% with a 2% fee, both of which are available at 75% LTV.

The products come with free mortgage valuations and £750 cashback.

They are available to experienced landlords for purchasing or remortgage, whether they are doing so in their own names or through limited companies. 

Paragon Bank managing director for mortgages Richard Rowntree says: “We’re offering two products that are fairly unique in that the extremely competitive rates are available not only on single self-contained units but also HMOs and multi-unit blocks.

“We expect them to be very popular, especially given their limited availability.

“In addition to the strong demand for rented property that is continuing to drive purchases, we know there is a need for keenly priced remortgage products.

“This is due to the significant numbers of landlords who have deals maturing, while others may want to take advantage of house price rises to raise capital for improvements; expanding our range of limited-edition mortgages will help to support landlords in these situations.”