Paragon Bank has cut rates across 22 products in its buy-to-let range by up to 26bps.

The reductions apply to products across a range of loan-to-value bands for both portfolio and non-portfolio landlords.

Highlights include a 26 basis points reduction on the lender’s 70% LTV two-year fix, now priced at 4.59% available for purchase or remortgage of single self-contained homes with EPC ratings of A to C.

Rates increase to 4.64% on properties banded EPC D or E and 4.84% on HMOs (houses in multiple occupation) and Mubs (multi-unit blocks).

The product fee on the two-year fixes is set at 5% and interest coverage ratios (ICR) are calculated at two percentage points above initial rates.

All products include free valuation and are open to landlords applying as individuals or limited companies.

Paragon Bank commercial director Louisa Sedgwick says: “In this market, landlords want options, so we are pleased to offer these competitive rates with a mix of terms, LTVs and fees.

“With a range of different indicators suggesting that the UK economic outlook is strengthening, the stabilisation of swap rates has continued and, as a result, we’ve been able to again reduce rates on some of our key products. The most exciting of these is our 70% LTV two-year fix with a rate of 4.59%, making it the best-priced product in the market for limited company buy-to-let.”