The acquisition will complement Chetwood’s soon-to-launch ModaMortgages’ proposition.

Rates have reduced by up to 16bps.

The lender has added two-year fixed rates and two-year trackers to the range.

The Society has increased its buy-to-let lending to 80% LTV.

Landbay has also reduced rates by 0.10% across the majority of its product range.

Fees have reduced across F1, F2 large portfolio, and F2 large loans products.

Over four in 10 landlords have a mortgage due for refinance this year.

Existing rates have reduced by 15bps.

Products are available with 2%, 5% and 7% fees, along with the recently launched 3.5% option.

ColCap acquired a majority stake in Molo in February 2023.