Paragon has brought out new pricing for its switch and further advance fixed rate products, aimed at both individual and limited company landlords.

Fixed rate switch products for portfolio and non-portfolio landlords at 70% LTV now start at 2.95%, at 75% LTV they start at 3.10% and, at 80% LTV, start at 3.85%.

Meanwhile, further advance fixed rates for both types of landlords at 70% LTV start at 3.40%, at 75% LTV at 3.50%, and, at 80% LTV, start at 3.95%.

Financing for single self-contained properties, houses in multiple occupation and multi-unit blocks is available for portfolio landlords and for individual investors, on single self-contained properties.

Paragon director for mortgage sales Moray Hulme says: “The Prudential Regulation Authority’s introduction of new underwriting standards in 2017 led to a substantial increase in the number of five-year fixed rate mortgages written between December 2016 and January 2018.

“We’ve launched a new range of keenly priced switch products to cater to the wave of landlords who will have loans reaching maturity in 2022.

“In addition, we know that there is a growing number of landlords who are looking to make their properties more energy efficient or are thinking about expanding their portfolios, perhaps taking on somewhere that requires some work to bring up to a good standard.

“Our further advance products are perfect in these types of scenarios, so we’re pleased to be able to support investment in improving the quality and quantity of private rented sector stock.”