ModaMortgages has expanded its 80% loan-to-value offer, by launching a range of limited edition products with a 5% fee option.  

The broker-only landlord lender will add two new 80% LTV products to its single dwelling range, including a two-year fixed rate at 3.59% and a five-year fix at 4.99%, both with a 5% fee option. 

It adds that the range also features two new 80% LTV small houses in multiple occupation and multi-unit freehold block products, suitable for properties with up to six bedrooms or units, including two-year fixes at 3.69% and five-year fixes at 5.09%, both with a 5% fee option. 

The maximum loan size is £750,000, with products available to individual landlords and limited companies. 

The firm also offers free valuations across its entire range, including on its new limited edition products. 

ModaMortgages group sales director Darrell Walker says: “This latest limited edition launch is a further demonstration of our commitment to ensuring brokers and their clients have as much choice as possible. 

“This new 5% option, along with the recent introduction of 3% and £1,999 options, gives landlords the chance to explore new opportunities in a market limited with options above 75% LTV, particularly when you factor in allowing the borrower to add the fee to the loan, even at 80% LTV.”