Mortgage rates for the large portfolio loans are up to 40 basis points (bps) lower than comparable products in the standard range.
They are available on two- and five-year fixed rate options with a 5% fee at 75% loan to value (LTV).
Alongside the limited-edition range, Rely has introduced low-LTV products for any portfolio landlords with four or more mortgaged properties, available at 60% and 65% LTV. Discounts of up to 15bps against current equivalent standard products are being offered on two- and five-year fixed rate options.
Moda intros fee options
Meanwhile, ModaMortgages has introduced £7,499 and £9,999 fixed-fee options as well as 7% fee products to its limited-edition range, which already features 2% and 5% options.
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Two- and five-year fixed rate products with rates from 3.69% for single dwelling properties and 3.79% for houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs) with up to six bedrooms or units are available.
Products are available to individual and limited company landlords up to 75% LTV, and all feature no application or valuation fees.
Becki Fraser-Tucker, head of sales at ModaMortgages, said: “We’re always looking for ways to give brokers and their clients more choice, so we’re delighted to launch our new expanded limitededition range.”
