The revised range is available at up to 75% loan-to-value (LTV) and spans both single self-contained properties (SSCs), houses in multiple occupation (HMOs) and multi-unit blocks (MUBs), giving landlords greater choice when selecting how they structure borrowing.

For SSC properties at 75% LTV, the latest two-year tracker is priced from BBR plus 1.00% (currently 4.75%), with a 2.00% product fee.

The product includes a free mortgage valuation, no application fee and no early repayment charges.

Two-year tracker options for HMOs and MUBs at the same LTV tier start from BBR plus 1.35%, also with a 2.00% fee. These products offer the same benefit of no early repayment charges and include a free valuation.

Paragon has also lowered a selection of its two-year fixed-rate mortgages by 15bps.

Within the SSC range, rates begin at 3.40% for properties with an EPC rating of A to C at a 5.00% fee level, or 3.45% for less energy efficient properties.

A mid-fee option of 3.00% is available from 4.40%, while a nil fee alternative is offered from 5.90%.

Selected products include free valuations and no application fees, with £500 cashback available on the higher fee option.

For HMOs and MUBs, pricing starts from 3.55% at a 5.00% fee, moving to 4.55% with a 3.00% fee and 6.05% on a nil fee basis.

These products also benefit from free valuations, with application fees set at £299.

All fixed rate products carry early repayment charges of 3% in each of the first two years and revert to Paragon’s standard variable rate, currently 7.35%, less 1.25%.

Paragon Bank product manager James Harrison says: “We’ve had a strong response to our BBR tracker range over the past six months after launching five-year options in December last year, before adding two-year terms at the start of this year.”