Specialist lender ModaMortgages has announced that it has cut rates by up to 10bps across its range of buy-to-let mortgages.

Following the reductions, the recently launched lender’s products now feature 2-year fixed rates starting from 3.49%, with 5-year fixed rates starting from 4.94%.

Mortgages are available to a variety of landlords, including individuals, limited companies, those with small or large portfolios, first-time buyers and first-time landlords. Borrowers can choose from a number of fee options, with LTVs up to 75%.

Darrell Walker (pictured), ModaMortgages’ director of sales and distribution, said: “These reduced rates give brokers even more choice and, when combined with our registration prize draw, offer them the perfect reason to give us a try and discover why we’re the home of smarter, faster and simpler buy to let borrowing.”