Paragon Bank has launched a new limited-edition range of 60 percent loan-to-value buy-to-let products, widening options for landlords who can put in more equity while funding costs remain unsettled.
Lower-LTV borrowing is back in focus for landlords
The new range covers single self-contained properties, HMOs and multi-unit blocks, with two-year and five-year fixed rates. According to Paragon, pricing starts at 4.34 percent for greener single self-contained properties, with HMO and multi-unit block products starting at 4.6 percent.
For landlords, the significance is not just the headline rate. It is the return of sharper pricing for lower-LTV borrowing at a point when many investors are reworking deals, trimming risk and preserving cash flow rather than stretching for maximum loan size.
That matters because a growing share of professional landlords are already spreading borrowing across multiple lenders and products. Earlier this week, Landlord Knowledge reported on research showing portfolio landlords now hold 6.5 mortgages on average, underlining how refinancing decisions are becoming more granular.
HMO and portfolio landlords get more choice
Paragon’s latest move is also notable because it extends 60 percent lending beyond standard buy-to-let stock. The bank has included products for HMOs and multi-unit blocks, a segment where pricing flexibility can disappear quickly when markets turn volatile.
Landlords running several properties may also benefit from the lender’s multi-property application route, which Paragon says applies to cases involving between four and 99 properties. In practice, that should reduce some of the paperwork and duplicated legal cost that can build up when several assets are refinanced at once.
This follows Landlord Knowledge’s February report on lenders cutting rates and widening criteria, which pointed to a more competitive specialist lending market before swap-rate volatility returned. The latest Paragon launch suggests lenders are still willing to compete for stronger landlord cases, especially where LTV is lower and asset quality is clearer.
For landlords watching funding markets day by day, the wider point is simple: lenders still want business, but they want safer business. That will favour borrowers with larger deposits, cleaner portfolios and EPC profiles that help pricing.
A fuller outline of the range sits on Paragon Bank’s intermediary site.
What this means for landlords
- If you’re refinancing this spring: lower-LTV deals may offer better payment cover than waiting for higher-LTV pricing to improve.
- If you hold HMOs or multi-unit blocks: fresh 60 percent options give more room to fix costs without moving away from specialist stock.
- Watch for: how long limited-edition products stay open if swap markets move again.
- Bottom line: better pricing is still available, but it is favouring landlords with stronger equity positions.
Editor’s view
There is a clear message in this launch: lenders are open for business, but only on terms they consider disciplined. For landlords with equity, that creates opportunity. For those needing higher borrowing, the market still looks much tougher.
Author: Editorial Team – UK landlord & buy-to-let news, policy, and finance
Published: 20 April 2026
Sources: Paragon Bank
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