Paragon has issued new two-and five-year fixed rate deals for purchase and remortgage.

The specialist buy-to-let lender says that they are available for both portfolio landlords and otherwise and have been designed for single self-contained properties and HMOs.

The fixes are available at up to 70 per cent LTV and rates start at 2.95 per cent. The new products also charge zero valuation fee.

In April, Paragon launched similar products at up to 75 per cent LTV.

Paragon director of mortgage sales Moray Hulme says: “These new products offer landlords more choice at a time when product availability more broadly has been constrained and will suit landlords with greater levels of equity to invest. Demand remains robust for both new purchase and remortgage activity, despite the current difficult conditions.”