ModaMortgages reduces limited edition five-year fixes

ModaMortgages is cutting rates by 5bps on its limited edition five-year fixed rate products for both single dwelling, houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB).

The price reduction means the lender’s 75% LTV limited edition range now features five-year fixed rates for single dwelling properties at 4.64% and 4.74% on HMO and MUFB properties. 

These reduced rates complement the existing two-year limited edition products where rates for single dwelling properties start from 3.24% and 3.34% for HMOs and MUFBs.

Mortgages are available to a variety of landlords, including individuals and limited companies. The lender offers a choice of fee options, as well as free valuations across its entire buy-to-let range.

Darrell Walker (pictured), group sales director at ModaMortgages, said: “We’re pleased to announce a 5bps reduction on our limited edition five-year fixed rate products. 

“This move reinforces our commitment to offering competitive solutions for landlords in a challenging market.”