Specialist lender ModaMortgages has announced that it is reducing rates by up to 15bps on selected 75% LTV standards and houses in multiple occupations (HMO) and multi-unit freehold block (MUFB) buy-to-let products.
The price reduction means the lender’s range now features standard 2-year fixed-rate 75% LTV products at 3.44% and standard 5-year fixed-rate 75% LTV products at 4.94%.
Rates for its small HMO and MUFB products, which are suitable for properties with up to six bedrooms or units, now feature 2-year fixed-rate 75% LTV products at 3.54% and 5-year fixed-rate 75% LTV products at 5.04%.
“We’re pleased to announce we’re further able to support landlords with rate reductions of up to 15bps on selected 75% LTV buy-to-let products," said ModaMortgages’ group sales director Darrell Walker (pictured), adding, “This latest reduction shows just how committed we are to making sure brokers have the products they need to help meet their clients’ buy to let aspirations at their disposal.”
