ModaMortgages launches 75% BTL range 

The specialist lender's collection of eight products includes single dwelling 2 year fixed rates starting from 3.24% and 5 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 2 year fixed rates from 3.34% and 5 year fixed rates from 4.79%, again with a choice of either a 3% or 5.5% product fee.

Mortgages are available to individuals and limited companies, with free valuations and no application fees.

Darrell Walker, ModaMortgages’ group sales director, said: “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.”