ModaMortgages unveils new £0 and 3% product fee options

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Buy-to-let lender ModaMortgages has added new £0 and 3% product fee options to its limited-edition range of products.

The £0 fee provides landlords with the option to have no upfront costs, with ModaMortgages also offering free valuations on all property types and no application fees, while the 3% fee gives them more choice, alongside 2.5% and 5.5% options.

The new product fee options apply to both two and five-year fixed rates.

Products are available to a variety of landlords, including individuals, limited companies, those with small or large portfolios, first-time buyers and first-time landlords.

Borrowers can choose products with LTVs up to 75%.

Darrell Walker, ModaMortgages
Darrell Walker, ModaMortgages

Darrell Walker, ModaMortgages’ group sales director, said: “As the home of smarter, faster and simpler buy-to-let borrowing, we’re constantly monitoring our product offering and proposition to ensure brokers have got the tools they need at their disposal.

“These new £0 and 3% product fee options give them even more choice and flexibility when it comes to supporting their landlord customers.”

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