The new range includes both single-dwelling and small houses of multiple occupation (HMO) and multi-unit freehold blocks (MUFB).

For single-dwelling buy-to-let properties, ModaMortgages is offering two-year fixed-rate products starting at 4.54%, or five-year fixed deals from 5.34%. Each has either a 3% product fee or a flat £1,999 fee.

The small HMO and MUFB lines, suitable for up to six bedrooms or units, begin with two-year fixes at 4.64% and five-year fixes at 5.44%, again with the same fee structures.

These options allow landlords to borrow up to £750,000, subject to affordability. All mortgage offers include free valuations via Gateway Surveyors.

ModaMortgages group sales director Darrell Walker said: “With a choice of either a 3% or £1,999 fee, these products are designed for landlords looking to pay more upfront to benefit from lower fees further down the line and could be ideal for those wanting to raise capital for property improvements or remortgaging after changes.”

ModaMortgages’s launch reflects a growing trend among UK lenders to stretch mortgage affordability by targeting higher LTVs.

Nottingham Building Society recently rolled out new two- and five-year 80% LTV buy-to-let products within both its standard and limited-company ranges. The lender also lowering the minimum applicant age to 21 and expanded portfolio limits to five properties.

Paragon Bank has similarly expanded its buy-to-let range with 80% LTV options, plus reductions of 10 basis points across 70% and 75% LTV products for self-contained units. Paragon also removed application fees on 75% LTV deals with a 3% product fee.