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ModaMortgages has announced it is removing the application fee on its limited edition 2 and 5 year fixed rate products.

The removal of the fee comes just weeks after rates were cut across the range, with its 2 year fixed rates starting from 3.34% and from 4.94% for 5 year fixed.

The lender also offers free valuations across its entire buy to let range including HMOs and MUFBs, with products available to individual and limited company landlords up to 80% LTV.

Becki Fraser-Tucker, Head of Sales at Chetwood Bank for ModaMortgages, said: “We’re always pushing to make our buy to let range work harder for brokers, and scrapping the application fee is a big move. We already knew the range stacked up, but this takes it to another level.

“With no application fee and free valuations, it means there’s nothing to pay upfront on our limited edition products. Add in those recent rate reductions, and you’ve got a proposition that’s seriously hard to ignore.

“There’s never been a better time to place a case with us. So if you haven’t tried ModaMortgages yet, now’s the perfect moment to see what smarter, faster, simpler buy to let really looks like.”