ModaMortgages has launched eight new limited edition 75% loan-to-value (LTV) single dwelling and homes in a number of occupation (HMO) merchandise.
The new merchandise have two-year fastened charges ranging from 3.24% and five-year fastened charges from 4.69%, with a selection of both a 3% or 5.5% product payment.
Rates for its small HMO and MUFB merchandise, that are appropriate for properties with as much as six bedrooms or items, function two-year fastened charges from 3.34% and five-year fastened charges from 4.79%, with a selection of both a 3% or 5.5% product payment.
Mortgages can be found to a wide range of landlords, together with people and limited firms, and the lender presents free valuations and no utility charges throughout its whole range.
ModaMortgages group gross sales director Darrell Walker says: “With rates of interest remaining stubbornly excessive, landlords could also be trying to find methods to maintain the prices down when buying a brand new rental property.”
“Our new limited edition 75% LTV range presents charges as much as 25bps cheaper than our core merchandise, in addition to free valuations and no utility charges, and may very well be splendid for buyers in search of assist with affordability.”
