ModaMortgages has cut rates by up to 20 basis points across its buy to let (BTL) range.

The reduction means the lender’s products include two-year fixed rates starting from 3.39%, and five-year fixed rates starting from 4.89%.

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%.

The pricing decrease comes after ModaMortgages introduced £0 and 3% product fee options to its limited edition BTL range.

ModaMortgages group sales director Darrell Walker says: “We’re delighted to announce we’re reducing rates by up to 20bps across our buy to let range.”

“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.”

Elsewhere, Keystone Property Finance has reduced its rates by as much as 10bps.

The specialist lender has lowered prices by 10bps on all two-year products and most of its five-year products including standard, specialist, product transfer, PT Plus, Switch & Fix and cashback range.

Standard products now start from 3.14% at 70% loan-to-value (LTV), specialist products start at 3.19% at 70% LTV, cashback products start at 4.49% at 65% LTV and ex-pat products start at 4.64% at 65% LTV.

In addition, holiday lets start from 4.79% at 65% LTV, product transfer products start from 4.79% at 65% LTV and Switch & Fix start from 6.09% at 65% LTV.

Keystone Property Finance managing director Elise Coole states: “With markets still unpredictable, we’re giving brokers and landlords the clarity they need. These cuts strengthen our competitive range, making it easier for brokers to move quickly, secure great deals, and help their landlord clients grow with confidence.”