ModaMortgages removes limited-edition buy-to-let application fees

ModaMortgages is removing the application fee on its limited-edition two and five-year fixed rate buy-to-let products.

The removal of the fee follows recent rate cuts across the range, with two-year fixed rates starting from 3.34% and five-year fixes from 4.94%.

The lender also offers free valuations across its entire buy-to-let range including HMOs and MUFBs, with products available to individual and limited company landlords up to 80% LTV.

Becki Fraser-Tucker, head of sales at Chetwood Bank for ModaMortgages, said: “We’re always pushing to make our buy-to-let range work harder for brokers, and scrapping the application fee is a big move. We already knew the range stacked up, but this takes it to another level.

“With no application fee and free valuations, it means there’s nothing to pay upfront on our limited edition products. Add in those recent rate reductions, and you’ve got a proposition that’s seriously hard to ignore.

“There’s never been a better time to place a case with us. So if you haven’t tried ModaMortgages yet, now’s the perfect moment to see what smarter, faster, simpler buy-to-let really looks like.”