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The £0 fee means landlords now have the option for no upfront costs, with ModaMortgages also offering free valuations on all property types and no application fees, while the 3% fee gives them more choice, alongside 2.5% and 5.5% options.

The new product fee options apply to both 2 and 5 years fixed rates.

Products are available to a variety of landlords, including individuals, limited companies, those with small or large portfolios, first-time buyers and first-time landlords. Borrowers can choose products with LTVs up to 75%.

Darrell Walker, ModaMortgages’ Group Sales Director, said: “As the home of smarter, faster and simpler buy to let borrowing, we’re constantly monitoring our product offering and proposition to ensure brokers have got the tools they need at their disposal.

“These new £0 and 3% product fee options give them even more choice and flexibility when it comes to supporting their landlord customers.”