Molo Finance have announced a product update. Contact our team for more information. If you would like further information directly from Molo Finance, visit their intermediary site here.
Molo launches new limited edition two-year and five-year fixed rates and updates PBTL criteria
Molo’s new limited edition two-year fixed rates start from 5.45%. Plus, portfolio landlords can now mortgage or remortgage up to 50 buy-to-let properties.
News Highlights
- Molo launches new limited edition two-year and five-year fixed rates, with two product fee options
- Two-year fixed rates: Start from 5.45% across standard BTL products and 5.55% across specialist and large HMO/MUFB products
- Five-year fixed rates: Start from 6.55% across standard BTL products and 6.65% across specialist and large HMO/MUFB products
- Updates across its existing Portfolio buy-to-let (PBTL) criteria, catering for landlords with up to 50 mortgaged buy-to-let properties
Thursday, 7th September 2023: Molo Finance, the UK’s first fully digital mortgage lender, has launched its new limited edition buy-to-let mortgage range. 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.
Molo has also expanded its existing Portfolio buy-to-let (PBTL) 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 successful PBTL criteria update earlier this year, which allowed 20 mortgaged buy-to-lets.
At Molo, we continue to prioritise the needs of customers through innovative financial solutions tailored to their unique needs. Recent PBTL criteria enhancement underscores our dedication to providing competitive and adaptable lending choices to our valued customers.