ModaMortgages cuts 5-year fixed rates on limited edition BTL products

ModaMortgages has dropped rates by 0.05% on its 5-year fixed rate limited edition products. 

The cuts apply to both single dwelling and houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB) at 75% loan-to-value (LTV). 

5-year fixed rates now start at 4.64% for single dwelling properties and 4.74% for HMO and MUFB properties. 

The lender’s 2-year limited edition products remain at 3.24% for single dwellings and 3.34% for HMOs and MUFBs.

Darrell Walker (pictured), group sales director at ModaMortgages, 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.”

ADVERTISEMENT