The new buy-to-let products start at 3.45% for EPC A-C properties.

The development is expected to achieve a gross development value of £12.2 million.

Paragon now requires fewer documents for landlords with up to 15 buy-to-let properties.

The development includes four two-bedroom bungalows and larger family houses.

The first phase is set to deliver 134 apartments and 12 houses.

Landlord demand drives Paragon’s loan growth in H1

The Lewes project will bring 52 new homes and seven commercial units to the area.

The bank has launched its lowest five-year fixed buy-to-let rates for three years, offering new limited-edition products for both experienced and newer landlords.

The bank has also reduced rates and removed the application fee on selected mortgages

The development comprises nine three and four-bedroom homes on the site of a former scrapyard.