Specialist lender ModaMortgages, part of Chetwood Bank, has reduced rates by up to 20bps on selected two-year fixed rate products from its limited edition range.
Rates for 75% LTV single dwelling products now start at 2.79%, while 80% LTV single dwelling products begin at 3.39%. Rates for 75% LTV HMO and MUFB products, which cover properties with up to six bedrooms or units, have also been cut, now starting at 2.99%.
The products are available to both personal ownership and limited company landlords, with free valuations and a choice of fee options.
“This decision to reduce selected two-year fixed rate limited edition products is a further demonstration of our intent to support the buy-to-let market,” said Darrell Walker, group sales director at ModaMortgages (pictured).
He added, “We know affordability remains crucial, and this reduction ensures we can offer competitive, well-priced solutions that help landlords plan with greater certainty and support brokers in meeting client demand.”
