ModaMortgages cuts buy-to-let rates by up to 15bps

ModaMortgages, part of Chetwood Bank, has reduced buy-to-let rates by up to 15bps.

The price reduction, which applies to both the lender’s standard and limited edition ranges, means rates for single dwelling products now start from 2.99% for two-year fixed rates and from 4.59% for five-year fixed rates.

Rates for its small HMO and MUFB products, which are suitable for properties with up to six bedrooms or units, now start from 3.09% fixed for two years 4.69% for five years.

Products are available up to 80% LTV and are open to personal ownership and limited company landlords. Investors can benefit from free valuations and a choice of fee options across all ranges.

Darrell Walker (pictured), group sales director at Chetwood Bank, said: “We’re pleased to announce rate reductions of up to 15bps across our entire buy to let product range. 

“This move reinforces our commitment to providing competitive options for brokers and their landlord clients in an ever-changing market environment.”