Paragon Bank has added limited edition fixes to its range of buy-to-let mortgages, with rates starting at 4.85%.  

The specialist lender says the loans are suitable for non-portfolio landlords who can choose between a pair of two-year fixed-rate mortgages, available at up to 70% loan-to-value.  

Rates on the firm’s green mortgage product, available for purchase or remortgage homes with energy performance certificate ratings of A to C, start at 4.85%, with interest coverage ratio calculated at 6.85%, with a 5% fee.  

It adds that a limited edition five-year fix has also been added to its range for non-portfolio landlords.  

The product is available at up to 75% LTV with interest and interest coverage ratio calculation rates starting at 6.05% on the green mortgage, increasing by 5bps for purchasing or remortgaging properties with energy performance certificate ratings of D or E.  

The business has also added products to its range of buy-to-let mortgages for portfolio landlords, with four or more BTL properties, all offered at up to 75% LTV, with a 3% fee.  

When purchasing or remortgaging single self-contained properties, rates start at 5.94% and the interest coverage ratio is set at 7.94% when borrowed over two years, while initial and interest coverage ratio rates are both set at 6.05% on the five-year fixed-rate product.  

For houses in multiple occupation and multi-unit blocks, initial rates start at 6.19% with an 8.19% interest coverage ratio rate when fixed over two years.   

The equivalent five-year product has an initial and interest coverage ratio rate of 6.30%.    

The lender adds that all products include free valuations, and are available to landlords applying as individuals, or within limited company structures in England, Scotland and Wales.  

Paragon Bank commercial director of mortgages Louisa Sedgwick says: “The latest additions to our range of BTL mortgages see us improve the choice we’re offering landlords, with a range of different rates, fees and terms for both experienced portfolio landlords as well as those with less than four BTL properties.”