ModaMortgages has expanded its 80% loan-to-value (LTV) range by launching limited edition products with a 5% fee option.
The new products include a 2-year fixed rate at 3.59% and a 5-year fixed rate at 4.99% for single dwellings.
For small houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs), the range now includes a 2-year fixed rate at 3.69% and a 5-year fixed rate at 5.09%.
All of these come with a 5% fee option.
This follows the recent addition of 3% and £1,999 fee options to ModaMortgages’ 80% LTV line-up.
Landlords can also choose a 0% fee.
The maximum loan size is £750,000 and the products are available to both individuals and limited companies.
Free valuations are included across the full range, including the new limited edition products.
Darrell Walker (pictured), group sales director at ModaMortgages, said: “This latest limited edition launch is a further demonstration of our commitment to ensuring brokers and their clients have as much choice as possible.
“This new 5% option, along with the recent introduction of 3% and £1,999 options, gives landlords the chance to explore new opportunities in a market limited with options above 75% LTV, particularly when you factor in allowing the borrower to add the fee to the loan, even at 80% LTV.”
