Rate reductions apply across large portfolio, HMO and short-term let products.

The relaunched ranges support both large and complex HMOs/MUFBs, short-term lets and trading company borrowers.

James replaces Holly Morrison, who was Paragon’s BDM for Scotland before being appointed to national account manager.

Five-year rates now start from 4.84%.

Two and five-year fixed rates are available for both standard and specialist properties, such as HMOs and multi unit properties.

Buy-to-let rates have reduced by up to 0.35%.

Offa says its new buy-to-let proposition will meet the needs of both Muslim and non-Muslim property investors.

The Bank says the launch is part of its continued focus on specialist lending.

Steve Cox, chief commercial officer at Fleet Mortgages, explains why he thinks the next six months look to be positive for the buy-to-let sector.

Buy-to-let rates will see the largest reductions.