Modamortgages has expanded its loan value by launching a range of limited edition products with a 5% fee.
Broker-only landlord lenders will add two new 80% LTV products to their single residence scope, including a two-year fixed rate of 3.59% and a 4.99% fixed rate of 5% both at 5%.
It added that the range also features two new 80% LTV small houses, as well as multiple units freehold block products for properties with up to six bedrooms or units, including a two-year fix for 3.69% and a five-year restoration of 5.09% for both a 5% fee.
The company also offers free valuations across the entire range, including its new limited edition products.
Darrell Walker, Group Sales Director, Modamortgages, said: “The latest limited edition release further demonstrates our commitment to ensuring as many options as possible for brokers and their clients.
“This new 5% option, coupled with the recent introduction of 3% and £1,999 options, offers landlords the opportunity to explore new opportunities in the market with options over 75% of LTVs, especially when you consider allowing borrowers to increase their loan fees, even in 80% of LTVs.”
