Rates start from 5.19% for five-year fixes
Digital mortgage lender Molo Finance has expanded its buy-to-let product range by launching multi-unit freehold block (MUFB) deals, designed to cater for properties with up to six units.
Molo said its MUFB buy-to-let mortgages are available for independent landlords, with rates of 5.19% fixed for five-years with a 3.5% fee on both 65% and 75% LTV options. Standard valuations and stress-testing apply.
All MUFB mortgages are also eligible for Savings Booster, a linked overpayments account designed to help landlords reduce their monthly payments and minimise mortgage costs.
We are pleased to add #MUFB to our existing buy-to-let range, with competitive rates starting from 5.19% 🎉🎉
— Molo (@molofinance) April 18, 2023
More details on our Press Release can be found here: https://t.co/kPd9H30fX0#fintechnews #mortgagenews #mortgagelender #mortgagebroker #btl #mufbmortgages pic.twitter.com/Yq74ONblRG
The introduction of the MUFB buy-to-let mortgages follows the recent launch of the lender’s Rapid Remortgage proposition and is in addition to its existing buy-to-let product range that includes holiday let, new builds, house in multiple occupation, and portfolio landlords.
“Landlords continue to look for property investment options, including ways to save money and diversify their portfolio,” Francesca Carlesi (pictured), chief executive and co-founder at Molo Finance, stated in a post announcing the product launch.
“Introducing MUFB to our product range allows investors to maximise their rental income across several properties. This, along with our range of buy-to-let options and competitive rates, means landlords have even more choice when finding their next investment with Molo.”
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