Paragon Bank has reduced rates by 20 basis points (bps) across its buy-to-let mortgage range and refreshed its fee options for landlords.

The changes apply across two-year and five-year fixed-rate products, with the range now starting from 3.55%. Products are available for purchase and remortgage up to 75% loan-to-value.

Landlords can choose from a range of fee structures, including nil, 3%, 4%, 5% and a flat £3,995 fee.

At up to 75% LTV, two-year fixed rates now start from 3.55% on Paragon’s green mortgage range, which is available on single self-contained properties with EPC ratings of A to C. Properties with lower energy efficiency are priced 5bps higher.

Within the five-year fixed-rate range, rates at 75% LTV now start from 4.75% on green products for single self-contained properties, with the same EPC criteria and pricing differentials applying.

Paragon has also cut rates across fixed products for houses in multiple occupation and multi-unit blocks, which are priced 15bps higher than equivalent green EPC single self-contained products.

All products are available to individual landlords and limited companies across England, Scotland and Wales.

Jason Wilde (pictured), head of mortgage sales at Paragon Bank, said: “Landlords are navigating a market that continues to be shaped by political and economic uncertainty. In this environment, we are seeing many opt for higher fee products in order to secure a lower headline rate.

“That won’t be the right approach for everyone, however. By reducing rates across the whole range and maintaining a breadth of fee options, we’re giving landlords the flexibility to choose products that best suit their own circumstances and portfolio strategy.”