Fleet Mortgages has cut rates across its five-year houses in multiple occupation and multi-unit block fixed-rated products by 15 basis points, as well as adding a cashback option.  

While ModaMortgages has boosted its maximum loan to value to 80%, with no fee options, to its range of landlord offers, and cut rates on selected limited edition products. 

Fleet says its 15 bps cuts apply to the following five-year 75% LTV products: 

• Fleet’s £3,999 fixed-fee product has been cut from 5.69% to 5.54% 

• Its zero-fee product has been cut from 5.89% to 5.74% 

• Fleet also offers a 3% fee product for properties with an EPC rating of A-C which retains its rate of 5.14% 

The business has also added a £1,000 cashback to each completed mortgage case. 

Meanwhile, ModaMortgages says its new 80% LTV, no fee options, are available on its lender’s core and limited edition two- and five-year products. 

It has also reduced rates on selected limited edition products by up to 10bps, with 2-year fixed rates starting at 3.44% and 5-year fixed rates starting at 4.84%. 

Products are available to a variety of landlords, including individuals, limited companies, those with small or large portfolios, first-time buyers and first-time landlords.