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Now’s certainly a good time to live, work or study in Newcastle-upon-Tyne.

Not only has its football team just won its first domestic trophy after a long 70-year wait, the city is often voted as one of the best places to visit in the country thanks to its vibrant nightlife, lively social calendar and superb food and drink scene.

And that’s not the only list the city regularly appears near the top of. With young professionals attracted by opportunities in the tech, finance and creative industries, as well as thousands more youngsters studying at its two universities, it’s often mentioned as one of the hottest spots in the country in which to purchase a buy to let property.

Not surprisingly, with affordable housing and consistently good rental yields, the city is popular with landlords. In fact, it’s not just Newcastle-upon-Tyne that investors are looking at - the North East region as a whole has established itself as an attractive region for property investment.

Not only does the region have the lowest average house prices in the country¹, according to the latest figures from Pegasus Insight, nearly three quarters of landlords in the North East are experiencing 'very strong' or 'quite strong' tenant demand². Landlords also have the largest average portfolio size at 11.7 properties³, with 13% of them saying they intend to scale up their letting activity in the coming year⁴.

How ModaMortgages could help

When we received feedback from brokers in the north of the country telling us clients looking to purchase a rental property wanted to keep their upfront costs to a minimum, we listened carefully.

We know that when house prices are lower, and therefore loan sizes are lower, rate has less of an impact on the overall monthly payment, and low or no fee products are a far more attractive proposition.

It’s why we’ve recently added a £0 product fee option to our limited edition range of buy to let products. Combined with free valuations on all property types and no application fees, it means landlords now have the option for no upfront costs, so they know exactly where they stand right from the start.

We’ve also introduced a 3% fee which, alongside our 2.5% and 5.5% options, gives landlords even more choice and flexibility, wherever they’re based in the country.

The new product fee options apply to both our 2 and 5 year fixed rates and are available to a variety of landlord types, including individuals, limited companies, those with small or large portfolios, first-time buyers and first-time landlords, all up to 75% LTV.

Take a look at our products page and find out for yourself why we’re the home of smarter, faster, simpler buy to let borrowing.

If you’d prefer, simply pick up the phone and get in touch if you’ve got any questions or have a case you’re unsure about. A member of our sales team will be more than happy to help.

Sources: ¹ https://www.gov.uk/government/news/uk-house-price-index-for-january-2025

² Pegasus Insight Regional Snapshot Q1 2025

³ Pegasus Insight Landlord Trends Report Q1 2025

⁴ Pegasus Insight Landlord Trends Report Q1 2025