Paragon Bank has launched a new range of limited edition five-year fixed-rate buy-to-let mortgages and brought back an 80% loan-to-value option as lenders continue to refine their landlord propositions.

The specialist lender has introduced six limited edition five-year fixed products available at up to 70% loan-to-value, split between three products for loans up to £1 million and three for loans above £1 million up to £4 million, depending on loan-to-value and portfolio size. All carry a flat fee of £3,995.

Rates for products with maximum loans of up to £1 million start at 5.67% for single self-contained properties with EPC ratings of A to C, rising by 5 basis points for properties rated D or E.

For loans above £1 million and up to £4 million, rates start at 5.79% for single self-contained properties with EPC ratings of A to C, again rising by 5 basis points for properties rated D or E.

Paragon has also launched two limited edition five-year fixed-rate products for houses in multiple occupation and multi-unit blocks. These are priced at 5.92% for loans up to £1 million and 6.04% for loans between £1 million and £4 million.

The products are available to landlords buying in their own name or through limited company structures and include free valuation.

Alongside the limited edition range, Paragon has reintroduced an 80% loan-to-value five-year fixed-rate product with rates starting at 6.60% for single self-contained properties with EPC ratings of A to C. The product has no fee.

Jason Wilde, head of mortgage sales at Paragon Bank, said: “It’s fantastic to bring new limited edition five-year fixes to the market, bolstering choice for landlords.

“With loans available at up to £4 million with a flat £3,995 fee, as well as an 80% LTV option with nil fee, these products will particularly appeal to landlords who want to invest in higher value properties.”