ModaMortgages has expanded its 80% loan-to-value supply, by launching a spread of restricted version merchandise with a 5% charge possibility.
The broker-only landlord lender will add two new 80% LTV merchandise to its single dwelling vary, together with a two-year fastened fee at 3.59% and a five-year repair at 4.99%, each with a 5% charge possibility.
It provides that the vary additionally options two new 80% LTV small homes in a number of occupation and multi-unit freehold block merchandise, appropriate for properties with as much as six bedrooms or items, together with two-year fixes at 3.69% and five-year fixes at 5.09%, each with a 5% charge possibility.
The agency additionally affords free valuations throughout its whole vary, together with on its new restricted version merchandise.
ModaMortgages group gross sales director Darrell Walker says: “This newest restricted version launch is an extra demonstration of our dedication to making sure brokers and their shoppers have as a lot alternative as potential.
“This new 5% possibility, together with the current introduction of three% and £1,999 choices, provides landlords the possibility to discover new alternatives in a market restricted with choices above 75% LTV, significantly if you consider permitting the borrower so as to add the charge to the mortgage, even at 80% LTV.”
