ModaMortgages introduces new limited-edition BTL options Mortgage Finance Gazette

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ModaMortgages has expanded its buy-to-let range with eight new limited-edition products

The specialist lender is adding four new products to its single dwelling range, including two new two-year fixed rates up to 75% LTV with rates from 5.09%, a two-year fixed rate up to 80% LTV at 6.29%, and a five-year fixed rate up to 80% LTV at 6.39%.

The range now also includes four new small HMO and MUFB products, which are suitable for properties with up to six bedrooms or units, including two two-year fixed rates up to 75% LTV with rates from 5.19%, a two-year fixed rate up to 80% LTV at 6.39% and a five-year fixed rate up to 80% LTV at 6.49%.

The lender has also reduced rates by up to 15bps on four of its existing limited-edition products, with two-year fixed rates in its single dwelling range now starting from 3.14% and two-year fixed rates in its small HMO/MUFB range from 3.24%.

The reduced rate products are all available up to 75% with a choice of fee options.

Commenting on the new products ModaMortgages group sales director Darrell Walker said: “We’re excited to launch eight new limited-edition buy-to-let products. Our expanded range now gives landlords even more choice.”