Molo launches limited edition deals and updates criteria

The limited edition products are on two-year fixed rates starting from 5.45 per cent at 65 and 75 per cent loan to value (LTV) with a 4.5 per cent fee.

For two-year fixed specialist and large houses in multiple occupation (HMO) and multi-unit freehold block (MUFB) deals, pricing begins from 5.55 per cent.

Standard five-year fixed rates have been cut by as much as 0.74 per cent, with rates priced from 6.55 per cent and 6.65 per cent for specialist and large HMO and MUFB deals.

On the criteria side, the lender will allow portfolio landlords to purchase or remortgage with a maximum of 50 mortgaged properties. This is an increase from 20 mortgaged buy-to-let properties previously.

Molo Finance’s CEO and co-founder of Francesca Carlesi (pictured) 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.”

She added: “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.”