ModaMortgages has reduced buy-to-let mortgage rates by 20 basis points across its limited edition two-year and five-year fixed-rate products.
The latest changes apply across both standard buy-to-let properties and specialist lending for houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).
Following the reduction, the lender’s limited edition two-year fixed-rate buy-to-let mortgage rates now start from 3.34% for single dwelling properties.
For HMOs and MUFBs with up to six bedrooms or units, two-year fixed rates start from 3.44%.
Lower buy-to-let mortgage rates across fixed-rate range
ModaMortgages has also reduced pricing across its limited edition five-year fixed-rate products.
Rates now start from 4.94% for single dwelling properties, while HMO and MUFB products with up to six bedrooms or units are available from 5.04%.
The products are available to both individual and limited company landlords, with borrowing available up to 80% loan-to-value.
Landlords can also choose from a range of fee options, while free valuations continue to be offered across the lender’s entire buy-to-let range.
The lender said the changes reflect its focus on responding to market conditions and maintaining competitive options for brokers and landlord clients.
“We’re delighted to make this 20bps reduction, which demonstrates how committed we are to staying responsive to market changes,” said Roger Morris, group distribution director at Chetwood Bank for ModaMortgages.
“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.”