ModaMortgages boosts maximum LTV to 80%
By Bridging Loan Directory
Specialist lender ModaMortgages is boosting its maximum LTV with the addition of 80% LTV £0 fee options to its range of buy to let products, as well as reducing rates on selected limited edition products.
The new 80% LTV £0 fee options are now available on the lender’s core and limited edition 2 and 5 year products.
The lender has also reduced rates on selected limited edition products by up to 10bps, with 2 year fixed rates starting from 3.44% and 5 year fixed rates now starting from 4.84%.
The introduction of the 80% LTV £0 fee options comes hot on the heels of the lender announcing it was adding new £0 and 3% product fee options to its limited edition range.
Products are available to a variety of landlords, including individuals, limited companies, those with small or large portfolios, first-time buyers and first-time landlords.
Darrell Walker, ModaMortgages’ Group Sales Director, said:
“We’re excited to be able to further expand our buy to let range by adding 80% LTV £0 fee options.
The new option, combined with our recent launch of expanded fees, will give brokers even more choice when it comes to finding the right product for their clients.”
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