ModaMortgages is launching a range of eight limited edition BTL mortgages with up to 80% LTV.
This includes four new products for single dwelling arrangements, including a two-year fixed-rate mortgage from 4.54% and five-year fixed-rate mortgage from 5.34%.
The new range also features four new 80% LTV small HMO and MUFB products, suitable for properties with up to six bedrooms or units.
This includes a two-year fixed-rate mortgage from 4.64%, and five-year fixed-rate mortgage from 5.44%.
All are available at 3% or £1,999 fees.
Landlords may borrow up to £750,000 (subject to affordability criteria and assessments) with these products, with availability to both individuals and limited companies.
ModaMortgages also offers free valuations across its entire range, supplied by Gateway Surveyors.
“In a market limited on options above 75% LTV, we’re delighted to be able to raise the roof with products up to 80% LTV with fee options,” said Darrell Walker, group sales director at ModaMortgages.
“With a choice of either a 3% or £1,999 fee, these products are designed for landlords looking to pay more upfront to benefit from lower fees further down the line and could be ideal for those wanting to raise capital for property improvements or remortgaging after changes.”
