Paragon Mortgages has cut its rates on two-year fixed products for professional landlords by 0.15 percentage points.

Each of the three products are fixed for two years and are priced at 5.15%, 5.25% and 5.35% against maximum loan-to-values of 65%, 70% and 75% respectively.

The products have a 2% fee and after the fixed term revert to Paragon’s Standard Variable Rate + 0.5%.

John Heron , managing director of Paragon Mortgages, said: “With landlord confidence rising and increasing tenant demand in the PRS