ModaMortgages unveils new limited-edition BTL range and cuts rates

Published on

ModaMortgages has expanded its buy-to-let offering with the launch of eight new limited-edition products, alongside rate reductions of up to 15 basis points on four existing deals.

The specialist lender has added four new options to its single dwelling range, including two two-year fixed rate products at up to 75% loan-to-value, with pricing from 5.09%. The range also now features a two-year fix at up to 80% LTV at 6.29%, and a five-year fix at the same LTV tier priced at 6.39%.

In a move to broaden its offering to investors in houses in multiple occupation and multi-unit freehold blocks, ModaMortgages has introduced four new products suitable for properties with up to six bedrooms or units. These include two-year fixed rates at up to 75% LTV from 5.19%, a two-year fix at 80% LTV at 6.39%, and a five-year fix at 80% LTV priced at 6.49%.

At the same time, the lender has trimmed rates on four of its existing limited-edition products by up to 15bps. Following the reductions, two-year fixed rates in the single dwelling range now start from 3.14%, while equivalent deals for small HMOs and MUFBs begin at 3.24%. These reduced-rate products are available up to 75% LTV, with a selection of fee structures.

The range is open to a wide range of landlords, including individuals and limited companies. ModaMortgages also continues to offer free valuations across its entire product suite.

Darrell Walker (pictured), group sales director at ModaMortgages, said: “We’re excited to launch eight new limited-edition buy-to-let products. Our expanded range now gives landlords even more choice.

“The rate reductions of up to 15bps on four of our existing limited-edition products reflect our ongoing commitment to providing value and flexibility. These changes are designed to support landlords in a constantly evolving landscape.”

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

Santander lowers mortgage pricing and unveils new large loan options

Santander is set to cut its residential fixed mortgage rates by up to 0.14...

The Cambridge invests £1m to tackle inequality and housing challenges

The Cambridge Building Society is investing £1 million into Greater Cambridge Impact, a social...

Skipton brings brokers and developers together to drive sustainable housing agenda

Skipton Building Society has brought together brokers, developers, and sustainability specialists at its head...

Foundation Home Loans expands residential range and cuts rates

Foundation Home Loans has announced a series of rate reductions and product enhancements across...

ColCap and Molo complete £300m buy-to-let securitisation

ColCap Financial and digital mortgage lender Molo have completed their second securitisation under the...

Latest publication

Other news

Santander lowers mortgage pricing and unveils new large loan options

Santander is set to cut its residential fixed mortgage rates by up to 0.14...

The Cambridge invests £1m to tackle inequality and housing challenges

The Cambridge Building Society is investing £1 million into Greater Cambridge Impact, a social...

Skipton brings brokers and developers together to drive sustainable housing agenda

Skipton Building Society has brought together brokers, developers, and sustainability specialists at its head...