ModaMortgages has launched eight new limited edition 75% loan-to-value (LTV) single dwelling and houses in multiple occupation (HMO) products.

The new products have two-year fixed rates starting from 3.24% and five-year fixed rates from 4.69%, with a choice of either a 3% or 5.5% product fee.

Rates for its small HMO and MUFB products, which are suitable for properties with up to six bedrooms or units, feature two-year fixed rates from 3.34% and five-year fixed rates from 4.79%, with a choice of either a 3% or 5.5% product fee.

Mortgages are available to a variety of landlords, including individuals and limited companies, and the lender offers free valuations and no application fees across its entire range.

ModaMortgages group sales director Darrell Walker says: “With interest rates remaining stubbornly high, landlords may be searching for ways to keep the costs down when purchasing a new rental property.”

“Our new limited edition 75% LTV range offers rates up to 25bps cheaper than our core products, as well as free valuations and no application fees, and could be ideal for investors looking for help with affordability.”

Earlier this month, Chetwood Bank announced it will combine its ModaMortgages and CHL Mortgages for Intermediaries’ sales forces.