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Specialist lender ModaMortgages is dropping rates by up to 15bps on selected 75% LTV standard and houses in multiple occupation (HMO) and multi-unit freehold block (MUFB) buy to let products.

The price reduction means the lender’s range now features standard 2 year fixed rate 75% LTV products at 3.44% and standard 5 year fixed rate 75% LTV products at 4.94%.

Rates for its small HMO and MUFB products, which are suitable for properties with up to six bedrooms or units, now feature 2 year fixed rate 75% LTV products at 3.54% and 5 year fixed rate 75% LTV products at 5.04%.

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 and no application fees across the entire range.

Darrell Walker, ModaMortgages’ Group Sales Director, said: “We’re pleased to announce we’re further able to support landlords with rate reductions of up to 15bps on selected 75% LTV buy to let products.

“This latest reduction shows just how committed we are to making sure brokers have the products they need to help meet their clients’ buy to let aspirations at their disposal.”