ModaMortgages has removed the application fee on its limited-edition two- and five-year fixed-rate buy-to-let products, eliminating upfront costs for brokers placing cases across the range.
The move follows rate reductions introduced just weeks ago, with two-year fixed rates now starting from 3.34% and five-year fixed rates from 4.94%. Free valuations are also available across the lender's full buy-to-let range, including HMOs and MUFBs, with products open to individual and limited company landlords up to 80% LTV.
"We're always pushing to make our buy-to-let range work harder for brokers, and scrapping the application fee is a big move," said Becki Fraser-Tucker, head of sales at Chetwood Bank for ModaMortgages. "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."
