ModaMortgages, the specialist buy-to-let lender owned by Chetwood Bank, has reduced rates across its range by up to 15bps.

The reductions apply to both the lender’s standard and limited-edition products. Pricing for single-dwelling mortgages now begins at 2.99% for two-year fixes and 4.59% for five-year options.

Rates for small HMO and multi-unit freehold block products – aimed at properties with up to six bedrooms or units – start at 3.09% for two-year fixes and 4.69% for five-year deals.

Products are available up to 80% loan to value and can be accessed by both individual and limited company landlords.

The lender is also offering free valuations and a choice of fee structures across the range.

Darrell Walker, (pictured) group sales director at Chetwood Bank, said: “We’re pleased to announce rate reductions of up to 15bps across our entire buy-to-let product range.

“This move reinforces our commitment to providing competitive options for brokers and their landlord clients in an ever-changing market environment.”