A well known specialist mortgage lender for the buy to let sector, Paragon, has refreshed its offering in the light of what it calls “a diverse market” with “different types of landlord.”

The products, which are available to individual landlords and limited companies, include two and five year fixed rates for single self-contained units, houses in multiple occupation and multi-unit blocks.

“Our range is designed with a diverse market in mind, catering for different types of landlords with individual requirements. With the tax changes now being phased in, and continued challenges for landlords over the long term, these products support long term planning and reflect the trend we’ve seen of a preference towards longer term fixed rates” explains John Heron, Paragon’s managing director.

One new product is a five year fixed rate at 3.75 per cent with a 1.50 per cent product fee at 75 per cent loan to value for single self-contained units, and a five year fixed rate at 3.85 per cent with a 1.50 per cent product fee at 75 per cent LTV for HMOs and MUBs. 

Interest coverage ratios on these products are unchanged, starting at 125 per cent at 4.0 per cent, graduated to reflect each landlord’s individual tax status.

Paragon’s range of shorter term, two year fixed rate products has also been refreshed.