ModaMortgages has expanded its 80% LTV buy-to-let offering by adding eight new products to its core range. The specialist lender aims the products at individual and limited company landlords with single-dwelling properties, and at those buying HMOs and MUFBs with up to six bedrooms or units.
Borrowers can choose between 2- and 5-year fixed rates, with product fees of 2% or 5%. Free valuations apply to all property types on the 80% LTV buy-to-let products, including HMOs and MUFBs.
Landlords can add product fees to the loan amount up to 80% LTV. On 2-year fixed-rate products, £ for £ remortgages are stressed at the pay rate up to 80% gross LTV.
“We’re really excited to be giving brokers and their clients even more choice at 80% LTV,” said Becki Fraser-Tucker, head of sales at ModaMortgages (pictured).
“For landlords, having that extra capacity can make a real difference. It could mean getting that next purchase over the line sooner, keeping more cash back for improvements or having the flexibility to take the next step in growing a portfolio.
“We want to help brokers find solutions for more of their landlord clients, and adding these new products makes our 80% LTV offering stronger than ever.”
