ModaMortgages has launched a new limited edition range of buy-to-let (BTL) mortgages at 75% loan-to-value (LTV).
The lender’s collection includes eight products, with single dwelling 2-year fixed rates starting from 3.24% and 5-year fixed rates from 4.69%.
Borrowers can choose between a 3% or 5.5% product fee.
Rates for small houses in multiple occupation (HMO) and multi-unit freehold block (MUFB) products, suitable for properties with up to six bedrooms or units, start at 3.34% for 2-year fixes and 4.79% for 5-year fixes, again with a choice of a 3% or 5.5% product fee.
The mortgages are open to a range of landlords, including individuals and limited companies.
ModaMortgages is offering free valuations and no application fees across the range.
Darrell Walker (pictured), group sales director at ModaMortgages, said: “With interest rates remaining stubbornly high, landlords may be searching for ways to keep the costs down when purchasing a new rental property.
“Our new limited edition 75% LTV range offers rates up to 25bps cheaper than our core products, as well as free valuations and no application fees, and could be ideal for investors looking for help with affordability.”
