The specialist lender Paragon Mortgages has enhanced its buy-to-let product offering with the launch of a range of some new fixed and tracker rate deals.

There are three two-year tracker products, with rates starting from 3.30%, and a three-year tracker mortgage at 3.60%. In addition, they have introduced three two-year fixed rate mortgage products with rates starting from 4.25%.

These new products are apparently aimed more towards smaller scale landlord investors who are now looking to expand their portfolios. They are the first additional products introduced by Paragon since its successful return to new lending in the buy-to-let market in September 2010 and signal the company’s intent to stimulate competition and choice in the sector.

John Heron, Paragon Mortgages Managing Director, said: “The professional landlord remains our core focus; however, it has always been our intention to extend the product range following our return to the market. These products complement our existing range and will appeal to a wider spectrum of landlords.

“It is clear that there is strong demand from buy-to-let investors in the current market. Our own research shows that nearly half of all mortgage brokers expect to see an increase in buy-to-let business during 2011 and the market needs more choice and competition.”