Pricing now starts from 5.79%.
The largest reduction was made to a five-year fixed limited company BTL rate, which went from 6.39% to 5.99%.
Meanwhile, a three-year fixed expat limited company BTL rate has been cut from 6.19% to 5.89%.
There is also a two-year fixed holiday let limited company product, which has been reduced from 5.99% to 5.79%.
Across its discounted rates, the two-year expat holiday let limited company pricing has gone down from 6.19% to 5.89%, while the everyday expat holiday let rate has fallen from 5.99% to 5.79%.
Grasping the next buy to let opportunities
Sponsored by Aldermore
Buckinghamshire Building Society has also released a two-year discounted rate at 5.79% for limited company BTL.
All limited company products carry a flat product fee of £1,500, while non-limited company products carry a flat fee of £1,195. A 125% interest coverage ratio (ICR) applies for limited company applicants.
Claire Askham, head of mortgage sales at Buckinghamshire Building Society, said: “We know the market is constantly shifting, and these changes reflect our efforts to keep our products competitive and useful for brokers. We’ve refined our limited company rates and introduced a new two-year discount to give more flexibility, especially for clients who want to keep upfront costs down or manage their cash flow in the early years.
“We’re always listening to the conversations brokers are having with their clients. Whether it’s limited company cases, expat lending or more complex scenarios, we want to offer straightforward, good-value options that help brokers move things forward.”
Recently, Buckinghamshire Building Society reduced rates across its Credit Restore range by as much as 0.2% and increased the maximum loan to value (LTV) to 75%.
ModaMortgages adds eight limited-edition products and cuts rates
ModaMortgages has added eight limited-edition products to its BTL offering and reduced rates by as much as 0.15% across four existing mortgages.
The newly launched products include four options across its single dwelling range, with a pair of two-year fixes up to 75% LTV, with rates from 5.09%, a two-year fix up to 80% LTV priced at 6.29% and a five-year fix up to 80% LTV with a rate of 6.39%.
Additionally, ModaMortgages has launched four small house in multiple occupation (HMO) and multi-unit freehold block (MUFB) products, for properties with up to six bedrooms or units. This includes a pair of two-year fixes up to 75% LTV with rates from 5.19%, a two-year fix up to 80% LTV at 6.39% and a five-year fix up to 80% LTV with a rate of 6.49%.
The specialist lender has reduced rates by as much as 0.15% on four limited-edition deals, and two-year fixed rates within its single dwelling range now start at 3.14%. Two-year fixed rates across its small HMO/MUFB range from 3.24%.
These products are available up to 75% LTV with a choice of fees.
Darrell Walker, group sales director at ModaMortgages, said: “We’re excited to launch eight new limited-edition buy-to-let products. Our expanded range now gives landlords even more choice.
“The rate reductions of up to 15bps on four of our existing limited-edition products reflect our ongoing commitment to providing value and flexibility. These changes are designed to support landlords in a constantly evolving landscape.”
