ModaMortgages launches eight new limited edition products

ModaMortgages is expanding its buy-to-let range by launching eight new limited edition products, as well as reducing rates by up to 15bps on four existing products.

The launch sees the introduction of four new products to its single dwelling range, including two new two-year fixed rates up to 75% LTV with rates from 5.09%, a two-year fixed rate up to 80% LTV at 6.29%, and a five-year fixed rate up to 80% LTV at 6.39%. 

The range now also includes four new small HMO and MUFB products, which are suitable for properties with up to six bedrooms or units, including two two-year fixed rates up to 75% LTV with rates from 5.19%, a two-year fixed rate up to 80% LTV at 6.39% and a five-year fixed rate up to 80% LTV at 6.49%.

In addition, the lender has reduced rates by up to 15bps on four of its existing limited edition products, with two-year fixed rates in its single dwelling range now starting from 3.14% and two-year fixed rates in its small HMO/MUFB range from 3.24%. The reduced rate products are all available up to 75% with a choice of fee options.

Mortgages are available to a variety of landlords, including individuals and limited companies, and the lender offers free valuations across its entire range.

Darrell Walker (pictured), group sales director at ModaMortgages, said: “We’re excited to launch eight new limited edition buy-to-let products. Our expanded range now gives landlords even more choice.

“The rate reductions of up to 15bps on four of our existing limited edition products reflect our ongoing commitment to providing value and flexibility. These changes are designed to support landlords in a constantly evolving landscape.”