Paragon has bolstered its product choice for buy-to-let portfolio landlords with new two-year discounted products and three-year fixes.

Available for purchasing or remortgaging houses in multiple occupation, multi-unit blocks and self-contained properties, at 75% LTV the two-year product starts with an initial rate of 2.99% and the five-year fix choices start at 4.69%.

Each comes with £500 cashback and a free mortgage valuation.

Paragon director of mortgage sales Moray Hulme says: “We’ve added two-year variable rate products to our range to provide finance that has a headline rate significantly cheaper than many of the two-year fixed rate products currently available, enabling investors to respond to the strong demand for rented homes we’re seeing currently.

“In addition, with rates expected to fall beyond the anticipated peak in two years, we’re able to offer competitively priced mortgages that are fixed for three years, providing landlords with certainty.”