ModaMortgages is repriced its range of BTL products by trimming rates and introducing new HMO and MUFB offerings.
The lender is cutting rates by up to 40bps on selected products in its standard range, with prices for two-year fixed rates now starting from 3.19% and from 4.79% for five-year fixed rates.
The changes will also see the launch of specific small HMO and MUFB products, with prices starting from 3.29% for two-year fixed rates and from 4.89% for five-year fixed rates.
Products are available to a variety of landlord types, including individuals and limited companies, and all feature free valuations and no application fee.
The news comes after the lender revealed it was boosting its maximum LTV to 80%.
Darrell Walker, ModaMortgages’ group sales director (pictured above), said: “As the home of smarter, faster, simpler BTL 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.”
