Specialist lender ModaMortgages has announed that it has enhanced its maximum LTV with the addition of 80% LTV £0 fee options to its range of buy-to-let products, as well as reducing rates on selected limited edition products.
The new 80% LTV £0 fee options are now available on the lender’s core and limited edition 2—and 5-year products.
The lender has also reduced rates on selected limited edition products by up to 10bps, with 2-year fixed rates starting from 3.44% and 5-year fixed rates now starting from 4.84%.
The introduction of the 80% LTV £0 fee options follows the lender announcing it was adding new £0 and 3% product fee options to its limited edition range.
Products are available to a variety of landlords, including individuals, limited companies, those with small or large portfolios, first-time buyers and first-time landlords.
“We’re excited to be able to further expand our buy-to-let range by adding 80% LTV £0 fee options," comments ModaMortgages’ group sales director, Darrell Walker (pictured). “The new option, combined with our recent launch of expanded fees, will give brokers even more choice when it comes to finding the right product for their clients.”
