ModaMortgages, part of Chetwood Bank, has announced it is cutting rates by up to 20bps on selected 2 year fixed rates from its limited edition range.
Rates for 75% LTV single dwelling products now start from 2.79%, while rates for 80% LTV single dwelling products start from 3.39%.
Rates for its 75% LTV HMO and MUFB products, which are suitable for properties with up to six bedrooms or units, have also been reduced and now start from 2.99%.
Products are available to personal ownership and limited company landlords, with free valuations and a choice of fee options.
Darrell Walker, ModaMortgages’ Group Sales Director, said: “This decision to reduce selected two-year fixed rate limited edition products is a further demonstration of our intent to support the buy to let market.
“We know affordability remains crucial, and this reduction ensures we can offer competitive, well-priced solutions that help landlords plan with greater certainty and support brokers in meeting client demand.”
