Molo Finance has launched its new limited edition buy-to-let mortgage range. According to the lender, rates start from 5.45% and are available on two-year fixes across its standard products and 5.55% across its specialist products.
The new limited edition products are offered on standard two-year fixed-rate products, starting from 5.45% on 65% and 75% LTV with a 4.5% fee. It rises by 0.10% to 5.55% across specialist and large HMO/MUFB products. There are also reductions on standard five-year fixed-rate products of 0.74%, with rates starting from 6.55% and 6.65% on specialist and large HMO/MUFB products.
In addition to launching a new range of products, 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. This follows on from a PBTL criteria update earlier this year, which allowed 20 mortgaged buy-to-lets.
CEO and Co-Founder of Molo, Francesca Carlesi, had this to say: “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. We also continue to monitor our product range in light of the changing economic environment to see where we can give customers better value for their money.
"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.”