ModaMortgages has announced it is cutting rates by 20bps across its recently launched limited edition two-year and five-year fixed-rate buy-to-let products.
The reduction means the specialist lender’s limited edition two-year fixed-rate products now start from 3.34% for single dwelling properties and from 3.44% for HMO and MUFB properties with up to six bedrooms or units.
Meanwhile, rates for its limited edition five-year fixed-rate products now start from 4.94% for single dwelling properties and from 5.04% for HMO and MUFB properties with up to six bedrooms or units.
Products are available to individual and limited company landlords up to 80% LTV, with a choice of fee options and free valuations offered across the entire buy-to-let range.
Roger Morris, Group Distribution Director at Chetwood Bank for ModaMortgages, said: “We’re delighted to make this 20bps reduction, which demonstrates how committed we are to staying responsive to market changes.
“With rates now starting from 3.34% and free valuations available across the board, we’re giving brokers and their clients even stronger options at a time when value and flexibility really matter.”
