ModaMortgages has cut rates across its BTL range by up to 20bps.
With immediate effect, the lender’s two-year and five-year fixed-rate products start from 3.39% and 4.89%, respectively.
This decrease comes just over a week since ModaMortgages introduced new £0 and 3% product fee options to its limited edition BTL range.
The former means landlords now have the option for no upfront costs, while the latter gives more choice alongside 2.5% and 5.5% options.
“We’re delighted to announce we’re reducing rates by up to 20bps across our BTL range,” said Darrell Walker, group sales director at ModaMortgages (pictured above).
“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.”
