ModaMortgages is now accepting day one remortgages for bridge exit applications across its core and limited edition buy-to-let product ranges.

The specialist lender is also now accepting applications for capital raising where the applicant has sufficient equity in an existing property.

Landlords can borrow between £25,000 and £2m, with LTVs of up to 80% available. 

Earlier this month, ModaMortgages increased the maximum LTV it offers to 80% and added £0 and 3% product fee options to its limited edition range.

The announcement comes hot on the heels of the lender boosting its maximum LTV to 80% LTV, as well as adding £0 and 3% product fee options to its limited edition range.

Products are available to individual landlords, limited companies, those with small or large portfolios, first-time buyers and first-time landlords. 

ModaMortgages group sales director Darrell Walker says: “This could be perfect for landlords who purchased a property via a bridging loan for the purpose of letting it out and have enhanced or improved it which has increased it value and are now looking to exit onto a longer-term buy to let mortgage. It could also be ideal for those who need to raise capital quickly for other purposes, such as purchasing another investment property.”