Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.

ModaMortgages Launches Limited Edition BTL Range With No Application Fees

ModaMortgages has introduced a new limited edition range of buy-to-let (BTL) mortgage products with no application fees. The specialist lender’s offering includes fixed-rate options for both single dwelling properties and houses in multiple occupation (HMO) or multi-unit freehold blocks (MUFBs).

The limited edition range features two- and five-year fixed products for single dwelling properties, with rates starting from 3.59%. For HMO and MUFB properties with up to six bedrooms or units, two- and five-year fixed products are available with rates from 3.69%.

These products are open to both individual and limited company landlords, with loans available up to 80% loan-to-value (LTV). The range also includes free valuations and a choice of fee options.

This development may be of interest to UK letting agents and inventory clerks working with landlords seeking new mortgage products for single dwellings, HMOs, or MUFBs.