5-year fixed rate products now start from 5.04% for single dwelling properties and from 5.14% for HMO and MUFB properties with up to six bedrooms or units.
ModaMortgages has cut rates by up to 0.10% on its limited edition 5-year fixed buy-to-let (BTL) range.
The lender’s 5-year fixed rate products now start from 5.04% for single dwelling properties and from 5.14% for house in multiple occupation (HMO) and multi-unit freehold block (MUFB) properties with up to six bedrooms or units.
There are no application or valuation fees.
Products are open to individual and limited company landlords up to 80% loan-to-value (LTV), with a choice of fee options.
Becki Fraser-Tucker, head of sales at ModaMortgages, said: “We’re delighted to announce this reduction which makes our limited edition range even more competitive for landlords.
“By reducing rates across our five year fixed rate products, we’re giving brokers and their clients greater opportunities to secure excellent value, whether they’re financing a single dwelling property or a HMO or MUFB investment.
“Combined with no valuation or application fees and flexible fee options, these products are designed to help landlords make the most of today’s market.”