ModaMortgages unveils new £0 and 3% product fee options

Published on

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.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Millbrook Business Finance appoints operations director

Millbrook Business Finance has appointed Sally Chesterton as operations director. Chesterton (pictured) brings more than...

Nationwide cuts residential mortgage rates

Nationwide has announced a fresh round of rate reductions across its mortgage range, with...

Precise raises borrowing limits to 6x income

Precise Mortgages has lifted its loan-to-income cap to six times earnings. The lender’s criteria update...

Fleet Mortgages reduces two-year fixed rates by up to 25bps

Fleet Mortgages has announced a series of rate cuts of up to 25 basis...

Liverpool Mortgages signs mental health charter alongside Skipton and Dudley

Liverpool Mortgages has joined the Mortgage Industry Mental Health Charter (MIMHC), becoming the latest...

Latest publication

Latest opinions

Mind the gap: Can mortgage advice change the game for protection?

Many industry insiders still talk about the UK protection gap and how vast it...

Navigating HMO and MUFB complexity with confidence

Historically, larger Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs) have often...

Why we shouldn’t wait for the FCA to act on later life lending

It might feel odd to be talking about a new year, when we’re barely...

A walk on the supply side

The UK government’s stated goal to build 1.5 million homes during the current parliamentary...

Other news

Millbrook Business Finance appoints operations director

Millbrook Business Finance has appointed Sally Chesterton as operations director. Chesterton (pictured) brings more than...

Nationwide cuts residential mortgage rates

Nationwide has announced a fresh round of rate reductions across its mortgage range, with...

Precise raises borrowing limits to 6x income

Precise Mortgages has lifted its loan-to-income cap to six times earnings. The lender’s criteria update...