"This latest limited edition launch is a further demonstration of our commitment to ensuring brokers and their clients have as much choice as possible"
- Darrell Walker - ModaMortgages
Specialist lender, ModaMortgages, has announced that it has expanded its 80% LTV offering with a limited edition range that includes a 5% fee option.
The launch adds two new 80% LTV products to its single dwelling range, including a 2-year fixed rate at 3.59% and a 5-year fixed rate at 4.99%, both available with the 5% fee option.
The range also introduces two new 80% LTV small HMO and MUFB products, suitable for properties with up to six bedrooms or units. These include a 2-year fixed rate at 3.69% and a 5-year fixed rate at 5.09%, again with the 5% fee option.
This launch follows the recent introduction of 3% and £1,999 fee options across the lender’s 80% LTV range. Landlords can also select a 0% fee option if preferred.
The maximum loan size for these products is £750,000, and they are available to both individuals and limited companies. ModaMortgages also provides free valuations across its full product range, including the new limited edition offerings.
Darrell Walker, group sales director at ModaMortgages (pictured), said: “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.”
