Paragon Bank has reduced rates on its two-year fixed rate buy-to-let (BTL) mortgages, now starting at 3.94%. Reductions of up to 35 bps have been made on both its 70% and 75% LTV products. A new 70% LTV two-year fix is available at 3.94% for green A-C EPC-rated self-contained (SCC) properties, 3.99% for SCC properties at EPC D-E and 4.19% for HMOs and MUBs, and is available to portfolio landlords. The lender has also reduced its 75% LTV two-year fix with a 3% fee, with rates starting at 4.85% for green properties and 4.90% for standard properties, and is available to portfolio and non-portfolio landlords. For portfolio landlords, there is a rate of 5.10% for HMOs and MUBs.

Lloyds Bank has launched a new £175 switching offer for new and existing customers changing from another bank to a new Club Lloyds current account. To qualify for the cash incentive, customers must switch between 13 February and 28 March 2024, and the £175 will be paid within three working days of the switch completing. The account comes with a £3 monthly fee, which is waived each month when £2,000 or more is paid into the account. Members will also be able to qualify for the Club Lloyds monthly saver, which pays 6.25% in gross interest, where customers can save between £25 and £400 each month.

Fleet Mortgages has revealed a complete rebrand for the business in order to reflect a “more modern image” as it moves into its second decade. The BTL lender’s rebrand includes a new logo and website, with the new imagery and colourway reflected across all of its marketing material and its product and loan documentation. The lender, which specialises in offering a range of products to landlord borrowers covering standard, limited company and HMO/MUBs, was established in 2014 and said the rebrand reflected its increased size and scale, after its recent growth and close relationship with its owner, Starling Bank.

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