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023 8045 6999

ModaMortgages

Moda Mortgages

About Us

Documents
ModaMortgages
Proc Fees
ProductGross Fee paid by lenderNet fee paid to regulated brokerNet Fee paid to non-regulated & client referral service
Buy to Let0.85%0.45%(0.225% for a referral)

A personalised application process is stripped back to the essentials, offering speed of service, saving time for everyone.

Moda are a new specialist mortgage lender making buy to let smarter, faster and simpler for brokers and landlords.
All their processes are designed to help you, and they’re 100% dedicated to the intermediary market. This starts with Moda’s willingness to lend.
 
Moda consistently offer quick processing, backed by a dedicated, straight-talking support team. That means Complete can always stay on top of cases and keep the broker up-to-speed too.
 
Competitive buy to let products for a variety of landlords including small or large portfolios, limited companies, individuals, first-time buyers and first-time landlords.

Owner Occupied

  • Repayment Type
    Capital & Interest 5 to 25 years
    Up to 2 year Capital Repayment Holiday (CRH) available
  • Typical Margin Range
    4.55% – 5.85% subject to status
    Loans > £1.5m 25bps reduction
  • Debt Service Cover
    130% (using Adjusted EBITDA)
    If CRH taken DSCR must cover the remaining amortising loan
  • Super Prime Borrower
    Margin of 3.5% plus base rate for loans which demonstrate 2 x Debt Service Cover at a maximum of 60% LTV
  • LTV
    Varies per property type – maximum 80% LTV

Semi & Commercial Investment

  • Repayment Type
    Capital & Interest (5 to 25 years) or Interest Only (5 to 10 years)
  • Typical Margin Range
    4.50% – 5.75% subject to status & LTV. Loans > £1.5m 25bps reduction
  • Debt Service Cover
    135% (using Gross Rent)
    Interest-only loans must evidence affordability on a 25 year repayment profile


  • LTV
    Varies per property type – maximum 80% LTV