Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.
ModaMortgages Unveils Limited-Edition BTL Range With No Application Fees
ModaMortgages has launched a new range of limited-edition buy-to-let (BTL) 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 block (MUFB) properties.
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.
Earlier in the month, ModaMortgages repriced its limited-edition BTL range.
This launch may be of interest to UK letting agents and inventory clerks working with landlords seeking new mortgage products for single dwellings, HMOs, or MUFBs.
Source: Mortgage Solutions