Specialist lender ModaMortgages has reduced rates by 5bps on limited edition 5-year fixed products for single dwellings, houses in multiple occupation (HMO), and multi-unit freehold blocks (MUFB).
The adjustment means the lender’s 75% loan-to-value (LTV) limited edition range now offers 5-year fixed rates of 4.64% for single dwelling properties and 4.74% for both HMO and MUFB properties. These cuts complement the existing 2-year limited edition products, which feature rates starting from 3.24% for single dwellings and 3.34% for HMOs and MUFBs.
Mortgages are available to various landlords, including individuals and limited companies. ModaMortgages also provides multiple fee options and free valuations across its entire buy-to-let range.
“We’re pleased to announce a 5bps reduction on our limited edition 5-year fixed rate products,” said Darrell Walker, group sales director (pictured). “This move reinforces our commitment to offering competitive solutions for landlords in a challenging market.”
