ModaMortgages has expanded its buy-to-let range by launching eight limited edition products at 80% loan-to-value, offering landlords fee options that provide greater flexibility in a market where lending above 75% LTV has become scarce.

The specialist lender has introduced four products to its single dwelling range and four to its small HMO and MUFB range, catering for properties with up to six bedrooms or units.

The new offers include two and five-year fixed rates, with borrowers able to choose between a 3% fee or a £1,999 flat fee. Rates start at 4.54% for two-year fixes on single dwellings and 4.64% for small HMOs and MUFBs, with five-year fixes available from 5.34% and 5.44% respectively.

Loans are available up to £750,000, subject to affordability assessments, and are open to both individuals and limited companies. The lender continues to provide free valuations across its full product range, supplied by Gateway Surveyors.

Darrell Walker, group sales director at ModaMortgages, said: “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.

“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.”