ModaMortgages trims rates by 5bps

This change applies to both single dwellings and houses that are HMOs or MUFBs.

Five-year fixed-rate products for the former can now be accessed from 4.64% and 4.74% for the latter.

Rates are unchanged for two-year limited-edition products, accessible from 3.24% for single dwelling properties and 3.34% for HMOs and MUFBs.

“We’re pleased to announce a 5bps reduction on our limited edition five-year fixed-rate products,” said Darrell Walker, group sales director at ModaMortgages (pictured above).

“This move reinforces our commitment to offering competitive solutions for landlords in a challenging market.”