ModaMortgages cuts rates by up to 10bps across buy to let range

By

Darrell Walker

Specialist lender ModaMortgages has cut rates by up to 10bps across its range of buy to let mortgages.

The reduction means the recently launched lender’s products now feature 2 year fixed rates starting from 3.49%, with 5 year fixed rates starting from 4.94%.

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%.

To celebrate its recent launch, the lender is also offering brokers the chance to win £250 of John Lewis vouchers.

Darrell Walker, ModaMortgages’ director of sales and distribution, said:

“These reduced rates give brokers even more choice and, when combined with our registration prize draw, offer them perfect reason to give us a try and discover why we’re the home of smarter, faster and simpler buy to let borrowing.”