Paragon Bank has launched six limited edition five-year fixed rate buy-to-let products, including new options at 75% loan-to-value.

The lender has added three limited edition five-year fixed rate products at 75% LTV to its buy-to-let range, alongside three recently launched products at 60% LTV.

All six products carry a 5% product fee and are available to landlords borrowing in personal name or through limited company structures.

At 75% LTV, rates start at 4.95% for single self-contained properties with an EPC rating of A to C. The rate increases by 5bps for properties with EPC ratings of D or E.

For houses in multiple occupation and multi-unit blocks, rates at 75% LTV start at 5.20%.

At 60% LTV, rates start at 4.80% for single self-contained properties with EPC ratings of A to C, again rising by 5bps for properties with EPC ratings of D or E. HMO and multi-unit block products at 60% LTV are available from 5.05%.

Paragon said interest coverage ratios will be calculated in line with the initial rate.

James Harrison, product manager at Paragon Bank, said: “We’ve seen a trend in landlords choosing higher fee products to secure a lower payrate.

“By cutting rates at 75% LTV and offering even better value at 60% LTV, we are aiming to ease affordability constraints for landlords and provide more flexibility in how borrowing costs are structured.

“This recent shift towards higher fee products has been influenced by rising mortgage rates across the industry, driven in part by the ongoing conflict in the Middle East and its impact on funding conditions for lenders.

“We remain focused on responding to these pressures with competitive pricing and a range of options that support landlords’ investment plans.”