Molo launches limited edition buy-to-let range and cuts rates

Molo Finance has launched a new limited edition buy-to-let mortgage range.

The new limited edition products are offered on standard two-year fixed-rate products, starting from 5.45% at 65% and 75% LTV with a 4.5% fee. Rates rise 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, Molo has 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 its criteria update earlier this year, which allowed 20 mortgaged buy-to-lets.

CEO and co-founder of Molo, Francesca Carlesi, said: "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.”