"This reprice will cut rates by as much as 40bps on selected products in our standard range and the introduction of HMO and MUFB-specific products."
- Darrell Walker, group sales director at ModaMortgages
ModaMortgages has today announced that it’s repricing its buy to let product range. The lender is reducing rates by up to 40bps on selected products in its standard range, with prices for two-year fixed rates now starting from 3.19% and from 4.79% for five-year fixed rates.
Furthermore, this reprice will introduce specific small houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB) products, with prices starting from 3.29% for two-year fixed rates and from 4.89% for five-year fixed rates.
These products are available to landlords, including individuals and limited companies, and include free valuations and no application fee.
“This reprice will cut rates by as much as 40bps on selected products in our standard range and the introduction of HMO and MUFB-specific products,” said Darrell Walker, group sales director at ModaMortgages.
