ModaMortgages has launched a limited-edition range of BTL products, available at up to 75% LTV.
These eight products include those aimed at singular dwellings as well as mortgages catering for HMOs and MUFBs.
Single-dwelling landlords can access two-year and five-year fixed-rate products from 3.24% and 4.69%, respectively.
For HMOs and MUFBs, defined as up to six bedrooms or units, two-year and five-year fixed-rate products can be secured from 3.34% and 4.79%, respectively.
These can all be paid for with either a 3% or 5.5% product fee.
“With interest rates remaining stubbornly high, landlords may be searching for ways to keep the costs down when purchasing a new rental property,” said Darrell Walker, group sales director at ModaMortgages.
“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.”
