News and insights

Specialist lender ModaMortgages is cutting rates by 5bps on limited edition 5 year fixed rate products for both single dwelling and 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 5 year fixed rates for single dwelling properties at 4.64% and 4.74% on HMO and MUFB properties. These reduced rates complement the existing 2 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, ModaMortgages’ Group Sales Director, said: “We’re pleased to announce a 5bps reduction on our limited edition 5 year fixed rate products.

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