ModaMortgages has announced it is cutting rates by up to 10 bps across its limited edition 5 year fixed rate buy to let range.
The reduction means the specialist lender’s limited edition 5 year fixed rate products, which feature no application or valuation fees, 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.
Products are available to individual and limited company landlords up to 80% 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."
