The revised products come with a 2.00% fee and are available up to 75% LTV.
Paragon Bank has added new 2-year Bank Base Rate (BBR) tracker options for landlords, starting from BBR plus 1.00%.
The revised products come with a 2.00% fee and are available up to 75% loan-to-value (LTV).
Landlords can choose from single self-contained properties, houses in multiple occupation (HMOs) and multi-unit blocks (MUBs).
For single self-contained properties at 75% LTV, the 2-year tracker starts from BBR plus 1.00%, currently 4.75%, with a 2.00% product fee.
There is a free mortgage valuation, no application fee and no early repayment charges (ERCs).
Tracker options for HMOs and MUBs at the same LTV start from BBR plus 1.35% with a 2.00% fee, including a free valuation and no ERCs.
Paragon Bank has also reduced rates by 15bps on a selection of its 2-year fixed-rate mortgages.
Rates for single self-contained properties begin at 3.40% for properties with an energy performance certificate (EPC) rating of A to C at a 5.00% fee, or 3.45% for properties with lower energy efficiency.
A mid-fee option of 3.00% is available from 4.40%, and a nil fee alternative starts at 5.90%.
Selected products come with free valuations and no application fees, and £500 cashback is available on the higher fee option.
For HMOs and MUBs, pricing starts from 3.55% at a 5.00% fee, 4.55% with a 3.00% fee and 6.05% on a nil fee basis.
These products include free valuations, with application fees set at £299.
All fixed rate products have ERCs of 3% in each of the first two years and revert to Paragon Bank’s standard variable rate, currently 7.35% less 1.25%.
James Harrison (pictured), product manager at Paragon Bank, said: “We’ve had a strong response to our BBR tracker range over the past six months after launching five-year options in December last year, before adding two-year terms at the start of this year.
“Extending the range to total 14 options for new customers, alongside six switch and four further advance products, and introducing more fee options, we are giving brokers greater scope to match products to their clients’ priorities, whether that is focusing on pay rate, upfront cost or overall balance across a portfolio.”