Specialist lender ModaMortgages has cut rates by up to 0.40% on selected products in its buy-to-let (BTL) range.
2-year fixed rates now start from 3.19%, and 5-year fixed rates from 4.79%.
The lender has also introduced new products for small houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB), with 2-year fixed rates from 3.29% and 5-year fixed rates from 4.89%.
Products are open to individuals and limited companies, with all offering free valuations and no application fee.
Darrell Walker, group sales director at ModaMortgages, said: “As the home of smarter, faster, simpler buy to let borrowing, we’re always looking for new ways to help brokers meet their clients’ needs.
“This reprice will see rates cut by as much as 40bps on selected products in our standard range and the introduction of HMO and MUFB-specific products which are ideal for properties with up to six bedrooms or units.”
