Paragon Bank has relaunched two limited edition loans for houses in multiple occupation and multi-unit blocks. 

The specialist lender says both mortgages are offered at 75% loan-to-value, span two and five-year terms with rates fixed at 2.85% and 3.34%, respectively.

It adds, both products include a free mortgage valuation and £750 cashback. 

The two-year finance has a 1.00% product fee with the annual percentage rate of charge set at 4.20%, while the five-year product has a 2.00% product fee with APRC charged at 4.10%. 

The firm says the loans are suitable for experienced landlords borrowing on HMO or MUB properties in their own name or through a limited company. 

It adds that for a limited time the firm will only charge one application fee on multiple property applications. 

Paragon director of mortgage sales Moray Hulme says: “We’ve seen that despite the changes to the stamp duty holiday that came into effect at the end of June, the market for rental properties is very much still an active one. 

“A key driver of this is likely to be the strong tenant demand which we have now seen for a sustained period. 

“We received an overwhelming response when we launched these limited-edition products previously and have now added a limited-time deal where only one application fee is charged regardless of how many properties are purchased. 

“In this, we feel we have a really competitive offering that should appeal to investors interested in making the right additions to their portfolios.” 

Last month, Paragon Bank launched four green products in its buy-to-let range.

First made available at the end of March this year, the mortgages require a property to have an Energy Performance Certificate rating of A, B, or C.

All four products are available at up to 80% LTV and, for single self-contained units, comprise a two-year fix at 3.75% and a five-year fix at 3.99%.