ModaMortgages has launched a limited edition collection of buy-to-let products aimed at investors with single dwellings and small HMOs.
The specialist lender’s new range offers eight fixed rate products at up to 75% loan-to-value, with two-year fixed rates on single dwellings starting from 3.24% and five-year fixed rates from 4.69%.
Landlords can choose between a 3% or 5.5% product fee, allowing for greater flexibility depending on individual portfolio strategies.
For small houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs) of up to six bedrooms or units, two-year fixed rates begin at 3.34% and five-year fixes start from 4.79%.
As with the single dwelling options, landlords can select either a 3% or 5.5% fee.
ModaMortgages is targeting a broad audience of landlords, with availability for both individual investors and those borrowing via limited companies.
The lender is also offering free valuations and no application fees across the entire range.
Darrell Walker, 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.”
