The two-year products, available at up to 75% loan-to-value (LTV), add to Paragon’s existing range of five-year mortgages aligned to the BBR. The mortgages are not subject to early repayment charges.

Rates start at 5.10%, equivalent to BBR plus 1.35%, for single self-contained properties, while landlords financing houses in multiple occupation (HMOs) or multi-unit blocks (MUBs) can choose products with rates from 5.45%, BBR plus 1.70%.

There are three fee options to chose from: 0.75%, 1% and 1.50%.

Available for purchasing or remortgaging, interest coverage ratios (ICR) are calculated at the product’s initial rate plus 2 percentage points.

In addition, the products come with free valuations across the range and no application fees for SSC property mortgages. A £299 application fee applies to HMO and MUB applications.

Landlords can also select any of Paragon’s BBR tracker products as part of a multi-property application for four to 99 properties.

Paragon Bank BTL product manager James Harrison says: “Adding two-year products to our range of Bank Base Rate tracker mortgages further increases choice for landlords, with a range of fee options and no ERCs offering customers a balance of flexibility and certainty.”

“Following feedback from brokers, the addition to the range follows the launch of six five-year Bank Base Rate tracker products in December last year, shortly after Bank Rate was cut from 4% to 3.75%.”

“The latest additions feature the same benefits as the five-year versions – free valuations and no application fees on SSCs – and with further Bank Rate cuts forecast for this year, these products will be particularly appealing to landlords.”

Earlier this month, Paragon Bank revealed that flats and terraced homes achieved the strongest gross rental yield growth for landlords in 2025, with the Wales and the North East performing the best regionally.