ModaMortgages introduces fee-free limited-edition BTL range

ModaMortgages has launched a new limited-edition BTL range with no application or valuation fees.

The specialist lender’s new two- and five-year fixed-rate products start from 4.19% for single dwelling properties.

Rates for HMOs and MUFBs with up to six bedrooms or units start from 4.29%.

The range is available to both individual and limited company landlords at up to 80% LTV.

Borrowers can choose from a range of fee structures, including 2%, 5% and 7% percentage fee options, as well as £7,499 and £9,999 fixed fees.

Becki Fraser-Tucker, head of sales at ModaMortgages, said: “At a time when landlords are carefully assessing every cost associated with their investments, products that offer no application or valuation fees are particularly attractive.

“Our new limited edition range delivers exactly that, whether they’re purchasing a single dwelling or an HMO or MUFB property, and gives brokers more ways to maximise value for their clients and meet the evolving needs of today’s property investors.”