ModaMortgages increases maximum LTV to 80% 

Specialist lender, ModaMortgages, is boosting 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 fee-free options are now available on the lender’s core and limited edition two and five-year products.

ModaMortgages has also reduced rates on selected limited edition products by up to 10bps, with two-year fixed rates starting from 3.44% and five-year fixes from 4.84%.

The introduction of the 80% LTV fee-free 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. 

Darrell Walker (pictured), group sales director at ModaMortgages, said: “We’re excited to be able to further expand our buy-to-let range by adding 80% LTV £0 fee options.

“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.”