The changes apply to landlords looking to buy or remortgage single self-contained properties, HMOs and multi-unit blocks (MUBs).
Paragon Bank has cut rates by 0.15% across a selection of 5-year fixed-rate buy-to-let (BTL) products.
The changes apply to landlords looking to buy or remortgage single self-contained properties, houses in multiple occupation (HMOs) and multi-unit blocks (MUBs).
The new range covers 60%, 70%, 75% and 80% loan-to-value (LTV) options, including some limited edition deals.
It also extends to the tailored proposition for BTL cases outside standard lending criteria.
Rates for single self-contained properties now start at 4.95% on the green mortgage range for homes with energy performance certificate (EPC) ratings of A to C.
For properties with D or E ratings, rates start at 5.00%.
Mortgages for HMOs and MUBs now start from 5.10%.
Landlords can choose from nil-fee, percentage-fee and fixed-fee products, with some deals offering £1,000 cashback.
These products are open to both individual and limited company landlords in England, Scotland and Wales.
James Harrison (pictured), product manager at Paragon Bank, said: “We’ve seen swap rates cool a little in recent days and have moved quickly to reflect those changes across a selection of products within our buy-to-let range.
“These reductions ensure landlords are able to benefit from the recent movement in market pricing, while giving brokers additional options when discussing borrowing requirements with their clients.
“Applying the reductions across a broad selection of products enables brokers to match borrowing requirements with the most suitable option for their clients, whether that’s driven by headline rate, fee structure, leverage or the type of property being financed.”