The scheme comprises a mixture of bungalows and detached houses, ranging from two to four bedrooms.

The new development in Eastrea will feature a mix of two, three and four-bedroom bungalows and houses.

Rates now start from 3.34% - the lender's lowest rate since May 2022

Postcodes serving students and large employment markets topped Paragon Bank's list of locations that attracted the most buy-to-let investment in 2024.

The scheme is located in the popular Orchard Park area, just outside Cambridge city centre and close to nearby universities, including the University of Cambridge and Anglia Ruskin...

Paragon Bank's new bespoke buy-to-let mortgage origination platform has been developed collaboratively with brokers

The deal was led on behalf of Paragon Bank Development Finance by Relationship Director Karl Kent, with support from Senior Portfolio Manager Shannon Altimas.

Paragon's latest products are suitable for landlords who purchase or remortgage properties as individuals or through limited company structures in England, Scotland, and Wales.

The lender has made rate reductions on two-year and five-year fixed buy-to-let mortgages by 50bps.

In its full-year results, the lender also highlighted increases in the proportion of lending on properties with EPC ratings between A and C.