The lender has lowered 5-year fixed rates at 75% loan-to-value (LTV) by 0.10%, while 5-year standard products at 80% LTV have been reduced by 0.05%.
ModaMortgages has reduced rates across its limited-edition buy-to-let (BTL) range, with cuts to selected 2- and 5-year fixed products.
The lender has lowered 5-year fixed rates at 75% loan-to-value (LTV) by 0.10%, while 5-year standard products at 80% LTV have been reduced by 0.05%.
Following the changes, rates now start from 4.84% for standard buy-to-let properties and 4.94% for small houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).
Within the 2-year range, selected 75% LTV products for both standard properties and small HMOs and MUFBs have also been reduced by 0.05%.
Rates now begin at 3.29% for standard properties and 3.39% for HMOs and MUFBs.
The lender continues to offer free valuations and no application fee across its limited-edition range, which is available to both individual and limited company landlords borrowing up to 80% LTV.
Becki Fraser-Tucker, head of sales at ModaMortgages, said: “We’re always looking at where we can sharpen our range and give brokers more opportunities to place cases, so it’s great to be able to bring through these latest reductions across some really key products.
“Cuts across both our two- and five-year ranges, particularly at 75% LTV, mean brokers have even more flexibility when finding the right fit for their landlord clients. And with our limited-edition products continuing to offer free valuations and no application fee, there’s real value there straight away.
“We’ve taken a balanced approach to keep things competitive while continuing to deliver on the things brokers care about day to day.
“It all adds up to a range that’s ready to go. So if you’ve got cases to place, now’s a great time to take another look at ModaMortgages.”