ModaMortgages introduces fee-free and 3% product fee options

Specialist lender ModaMortgages has introduced new fee-free and 3% product fee options to its limited-edition range of buy-to-let products.

The £0 fee means landlords now have the option for no upfront costs, with ModaMortgages also offering free valuations on all property types and no application fees.

The 3% fee also offers more choice, alongside 2.5% and 5.5% options.

The new product fee options apply to both two and five-year fixed rates.

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. Borrowers can choose products with LTVs up to 75%.

ModaMortgages, which officially launched in January, distributes exclusively via intermediaries and was created by UK digital bank, Chetwood Bank. 

Darrell Walker (pictured), group sales director at ModaMortgages, said: “As the home of smarter, faster and simpler buy-to-let borrowing, we’re constantly monitoring our product offering and proposition to ensure brokers have got the tools they need at their disposal. 

“These new £0 and 3% product fee options give them even more choice and flexibility when it comes to supporting their landlord customers.”