The lender has launched a new range of three-year fixed rates while updating other products in its range.

It said fixed rates continued to be most popular with landlords, and it had refreshed its range to reflect this demand.

A three-year fixed rate product is now on offer at 3.99% for single, self-contained properties and 4.45% for HMOs (house in multiple occupation) and multi-unit blocks.

Both deals are available up to 75% loan-to-value and come with a 2% product fee.

For landlords looking to fix for longer, Paragon’s five-year range now has rates starting from 4.60%. Those looking to fix for two-years can access products starting from 3.75%.

John Heron, director of Paragon Mortgages, said the changes meant it could better meet the needs of modern landlords.

“Our new range of three year fixed rate products are very competitive and designed to meet the needs of more experienced landlords with larger property portfolios,” he said.

“The new range, along with our fixed rates for two and five years, best suit landlords looking to plan financially for the slightly longer-term. Our latest intermediary trends survey shows that their landlord clients are still preferring to fix and the growth in popularity of five year fixes remains.

“Our range now includes 14 competitive and tailored fixed rate products in addition to the tracker rates available for a variety of terms for those landlords who require a little more flexibility. We have worked hard to ensure that our new summer range has something to meet a breadth of professional landlords’ requirements as demand from tenants remains high.”