It also expands its existing portfolio BTL criteria
Digital mortgage lender Molo Finance has launched its new limited edition buy-to-let mortgage range, with rates starting from 5.45%.
The new limited edition products are offered on standard two-year fixes at 65% and 75% loan-to-value (LTV) with a 4.5% fee. Specialist and large house in multiple occupation (HMO) or multi-unit freehold block (MUFB) products are also available, with rates from 5.55%.
There are also reductions of 0.74% on standard five-year fixed rate products, with rates starting from 6.55% and 6.65% on specialist and large HMO or MUFB products.
Full details of Molo’s product range can be viewed via its online product guide.
We have launched our new limited edition products, with a two-year fixed rate starting from 5.45% and 6.65% on a five-year fixed rate.
— Molo (@molofinance) September 7, 2023
Plus, #portfoliolandlords can now mortgage or remortgage if they have up to 50 mortgaged buy-to-let properties 🎉🎉 https://t.co/eBXU8cwCMJ pic.twitter.com/yleVcmE24n
The lender has also expanded its existing portfolio buy-to-let criteria, allowing portfolio landlords to purchase or remortgage their portfolio with a maximum of 50 mortgaged buy-to-let properties.
Speaking on the launch of the limited edition products, Francesca Carlesi (pictured), chief executive and co-founder of Molo Finance, said it would continue to monitor its product range in light of the changing economic environment.
“At Molo, our aim is to provide competitive rates for a wide range of landlords interested in all types of property investments, from individual investors to portfolio owners and beyond,” she stated.
“We’re excited to bring our new limited edition product to market, which offers better investment choices and options, both for first-time landlords and experienced portfolio investors with up to 50 mortgaged buy-to-let properties.”
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