Paragon Bank has expanded the reach of its recently launched 80% loan-to-value (LTV) buy-to-let mortgage range to include product switches and further advances, widening access for existing landlord customers.

The updated offering introduces two product switch options and two further advance products across two and five-year terms. Rates begin at 6.24% for a five-year fixed deal, which is available on single self-contained units, houses in multiple occupation and multi-unit blocks.

The products come with no application fees and include free valuations.

This latest move builds on Paragon’s April launch of 80% LTV products for new purchases and remortgages, reflecting what the bank describes as a strong initial take-up.

Russell Anderson, commercial director of mortgages at Paragon Bank, said the expansion was part of the lender’s efforts to support landlords navigating a complex market environment.

“Adding 80% LTV products to our range gives landlords more choice and flexibility, and we have seen a positive response to the launch of our purchase and remortgage range in April,” he said.

“We want to ensure that our existing customers also benefit from the flexibility that 80% LTV products offer, so we are pleased to expand our range to both product switches and further advances.”