Specialist lender ModaMortgages, part of Chetwood Bank, has announced rate reductions of up to 15bps across its buy-to-let range.
The cuts apply to both standard and limited edition products, meaning rates for single dwelling mortgages now start from 2.99% for two-year fixed terms and 4.59% for five-year fixed terms.
For smaller HMOs and multi-unit freehold blocks (MUFBs), suitable for properties with up to six bedrooms or units, rates now start at 3.09% for two-year fixed products and 4.69% for five-year fixed products.
All products are available up to 80% loan-to-value (LTV) and can be accessed by both personal and limited company landlords. Investors also benefit from free valuations and a choice of fee options across all ranges.
“We’re pleased to announce rate reductions of up to 15bps across our entire buy-to-let product range,” said Darrell Walker, group sales director at Chetwood Bank (pictured). “This move reinforces our commitment to providing competitive options for brokers and their landlord clients in an ever-changing market environment.”
