Switch products are available up to 80% LTV, while further advances are offered up to 75% LTV.
Paragon Bank has expanded its Bank Base Rate (BBR) tracker buy-to-let (BTL) mortgage range with new switch and further advance products.
Switch products are available up to 80% loan-to-value (LTV), while further advances are offered up to 75% LTV.
Both are open to single self-contained properties (SSCs), houses in multiple occupation (HMOs), and multi-unit blocks (MUBs).
At 75% LTV, rates start at 5.10% (BBR plus 1.35%) with a 1.50% fee option.
A 0.75% fee alternative is available from 5.47% (BBR plus 1.72%).
For HMOs and MUBs, rates start from 5.45% (BBR plus 1.70%) with a 1.50% fee, or 5.82% (BBR plus 2.07%) with a 0.75% fee.
An 80% LTV option is available for switch applications as a 12-month tracker with no fee.
All products are on a 2-year tracker term except the 80% LTV switch, and include early repayment charges (ERCs) of 2% in year one and 1% in year two.
James Harrison (pictured), mortgages product manager at Paragon Bank, said: “Since launching our Bank Base Rate tracker range, we’ve seen strong engagement from brokers and their landlord clients.
“By introducing switch and further advance options, we’re enabling existing customers to access this tracker product when reviewing their borrowing or raising additional funds.
“This ensures landlords can take a consistent approach across their portfolios, whether they are refinancing or funding further investment.”