ModaMortgages expands 80% LTV buy-to-let offering
Specialist lender ModaMortgages has expanded its 80% LTV offering by adding eight new products to its existing core buy-to-let range aimed at individual and limited company landlords with single dwelling properties and those looking to purchase HMOs and MUFBs with up to six bedrooms or units.
Borrowers can select between 2 and 5 year fixed rate products, with a choice of 2% and 5% product fees and free valuations available on all property types, including HMOs and MUFBs. Product fees can be added to the loan amount up to 80% LTV, while £ for £ remortgages on 2 year fixed rate products are stressed at pay rate up to 80% gross LTV.
Becki Fraser-Tucker, head of sales for ModaMortgages, said: “We’re really excited to be giving brokers and their clients even more choice at 80% LTV.
“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.”