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ModaMortgages has announced it is cutting rates by 20bps across its recently launched limited edition 2 and 5 year fixed rate buy to let products.

The reduction means the specialist lender’s limited edition 2 year fixed rate products now start from 3.34% for single dwelling properties and from 3.44% for HMO and MUFB properties with up to six bedrooms or units.

Meanwhile, rates for its limited edition 5 year fixed rate products now start from 4.94% for single dwelling properties and from 5.04% for HMO and MUFB properties with up to six bedrooms or units.

Products are available to individual and limited company landlords up to 80% LTV, with a choice of fee options and free valuations offered across the entire buy to let range.

Roger Morris, Group Distribution Director at Chetwood Bank for ModaMortgages, said: “We’re delighted to make this 20bps reduction which demonstrates how committed we are to staying responsive to market changes.

“With rates now starting from 3.34% and free valuations available across the board, we’re giving brokers and their clients even stronger options at a time when value and flexibility really matter.”