Paragon Bank has launched four new limited edition five-year fixed-rate buy-to-let mortgages.

Two of the products are suitable for landlords with three or fewer mortgaged buy-to-let properties, with the two other options for those with four or more buy-to-let properties.

Loans are available on single self-contained properties at up to 65% loan-to-value, the products come with a £2,995 fee.

Rates start at 5.45% for the purchase or remortgage of properties with EPC ratings of A-C. Homes assessed to be EPC D or E-rated can be financed with rates at 5.50%.

Interest coverage ratios are calculated in line with initial rates and the products are available for individual and limited company applications in England, Scotland and Wales.

Commenting on the launch Paragon Bank mortgages commercial director Louisa Sedgwick said: “We’ve launched these limited-edition products to provide landlords with more choice and offer solutions that suit a broader spectrum of customer.”

She added: “We’re sometimes seen as an HMO or multi-unit block lender. While it is true that we do have lots of experience in this space and work with established landlords, we also support newer entrants to the market who may be growing their portfolios with more simple propositions, such as single self-contained properties. “Offered at a lower loan-to-value of 65%, these products will be particularly appealing to those that can put down a slightly larger deposit to benefit from lower rates.”