Paragon Bank has expanded its tracker buy-to-let range with the launch of switch and further advanced products for existing customers.
The new switch products are available up to 80% LTV, with further benefits offered up to 75% LTV.
Both can be used for self-contained homes, multi-occupant houses (HMOs) and multi-unit blocks (MUBs).
At an LTV of 75%, rates start from 5.1%, which corresponds to the basic rate plus 1.35%, with a 1.5% fee.
An alternative option with a 0.75% fee is available from 5.47%, which corresponds to the basic rate plus 1.72%.
For HMOs and MUBs, rates start from 5.45%, or the base rate plus 1.7%, with a 1.5% fee.
A 0.75% rate option is available from 5.82%, or a base rate plus 2.07%.
In its Switch range, Paragon has also launched a 12-month tracker with 80% LTV free of charge.
All products are available with a two-year tracker term, with the exception of the 80% LTV switch option.
The products include early repayment fees of 2% in the first year and 1% in the second year.
James Harrison, mortgage product manager at Paragon, said: “Since launching our range of basic interest rate trackers for banks, we have seen strong engagement from brokers and their landlords.
“By introducing switching and further prepayment options, we are giving existing customers access to this tracker product when they want to review their loans or raise additional funds.
“This ensures that landlords can take a consistent approach to their portfolios, whether they are refinancing or financing further investments.”