ModaMortgages has cut rates by up to 20bps across its buy-to-let range.

The reduction means the lender’s products now feature 2-year fixed rates starting from 3.39%, with 5-year fixed rates starting from 4.89%.

Mortgages are available to a variety of landlords, including individuals, limited companies, those with small or large portfolios, first-time buyers and first-time landlords. Borrowers can choose from a number of fee options, with LTVs up to 75%.

MORE CHOICE

Darrell Walker, ModaMortgages’ Group Sales Director, said: “We’re delighted to announce we’re reducing rates by up to 20bps across our buy to let range.

“These reduced rates give brokers even more choice and, when combined with our new product fee options on our limited edition products, will help widen market access for those looking to invest in a rental property.”

The pricing decrease comes just over a week after ModaMortgages introduced new £0 and 3% product fee options to its limited edition buy-to-let range.

The £0 fee means landlords now have the option for no upfront costs, with the lender also offering free valuations on all property types and no application fees, while the 3% fee gives them more choice, alongside 2.5% and 5.5% options.