The lender has a choice between zero-fee deals and those with a 3% charge. 

Rates start at 4.24% to purchase or remortgage single self-contained properties with energy performance ratings of A-C, increasing by 5bps for homes rated D and E.

Loans for houses in multiple occupation (HMOs) and multi-unit blocks (MUBs) start from 4.59% with a 3% product fee or 6.09% with no fee.

All products come with a free valuation.

Mortgages for single self-contained units have no application fee.

Loans for HMOs and MUBs options are subject to a £299 application fee.

Interest coverage ratios are calculated at initial rate plus two percentage points.

Paragon Bank commercial director of mortgages Russell Anderson says: “We’re reducing rates across our 75% LTV two-year fixed-rate product range, improving affordability for landlords. From speaking to brokers, we know that two-year deals are a popular option, with some landlords looking to fix now and then reassess the market and their businesses in two years’ time when rates are expected to be lower.

“The products are priced competitively and should appeal to experienced larger landlords, as well as those with 15 or fewer properties who may be able to benefit from a significantly smoother application process, with fewer document requirements following the most recent process and system enhancements we’ve made.”

Paragon recently made changes to streamline its application process.