"The rate reductions of up to 15bps on four of our existing limited-edition products reflect our ongoing commitment to providing value and flexibility. These changes are designed to support landlords in a constantly evolving landscape"
- Darrell Walker - ModaMortgages
ModaMortgages has expanded its buy-to-let offering by launching eight new limited-edition products and reducing rates by up to 15 basis points on four existing deals. The update introduces a wider range of options for landlords, including both individual borrowers and limited companies.
The lender has added four new products to its single dwelling range. These include two two-year fixed rates up to 75% loan-to-value (LTV), with rates starting from 5.09%, a two-year fixed rate up to 80% LTV at 6.29%, and a five-year fixed rate up to 80% LTV at 6.39%.
Four new products have also been added to ModaMortgages’ small house in multiple occupation (HMO) and multi-unit freehold block (MUFB) offering. These are available for properties with up to six bedrooms or units. The range features two two-year fixed rates up to 75% LTV with rates starting at 5.19%, a two-year fixed rate up to 80% LTV at 6.39%, and a five-year fixed rate up to 80% LTV at 6.49%.
In addition to the product expansion, ModaMortgages has reduced pricing by up to 15 basis points on four existing limited-edition mortgages. The adjusted products now include two-year fixed rates starting from 3.14% in the single dwelling range, and from 3.24% in the small HMO/MUFB range. These reduced-rate options are all available up to 75% LTV and come with a choice of fee structures.
The entire product range offers free valuations, and is open to a range of landlord profiles, including individuals and limited companies.
“We’re excited to launch eight new limited-edition buy-to-let products. Our expanded range now gives landlords even more choice,” said Darrell Walker, group sales director at ModaMortgages (pictured). “The rate reductions of up to 15bps on four of our existing limited-edition products reflect our ongoing commitment to providing value and flexibility. These changes are designed to support landlords in a constantly evolving landscape.”
