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 mounted charges ranging from 3.24% and five-year mounted charges from 4.69%, with a selection of both a 3% or 5.5% product price.
Rates for its small HMO and MUFB merchandise, that are appropriate for properties with as much as six bedrooms or models, characteristic two-year mounted charges from 3.34% and five-year mounted charges from 4.79%, with a selection of both a 3% or 5.5% product price.
Mortgages can be found to quite a lot of landlords, together with people and limited firms, and the lender provides free valuations and no software charges throughout its complete range.
ModaMortgages group gross sales director Darrell Walker says: “With rates of interest remaining stubbornly excessive, landlords could also be looking for methods to maintain the prices down when buying a brand new rental property.”
“Our new limited edition 75% LTV range provides charges as much as 25bps cheaper than our core merchandise, in addition to free valuations and no software charges, and might be superb for traders searching for assist with affordability.”
Earlier this month, Chetwood Bank introduced it should mix its ModaMortgages and CHL Mortgages for Intermediaries’ gross sales forces.
