Molo has launched limited edition buy-to-let two- and five-year fixed-rate ranges, relaxed criteria rules for portfolio landlords, and cut rates by up to 74 basis points. 

The digital lender says its new products are offered on standard two-year fixed-rate products, starting from 5.45% on 65% and 75% loan to value, with a 4.5% fee.  

This rises by 10 basis points to 5.55% across specialist and large houses in multiple occupation and multi-unit freehold blocks. 

Five-year fixed rates start at 6.55% across standard BTL products, and 6.65% across specialist and large houses in multiple occupation and multi-unit freehold blocks. 

The firm has also expanded its portfolio BTL criteria, by allowing these landlords to purchase, or remortgage, their portfolio with a maximum of 50 mortgaged BTL properties. This comes after the firm boosted its criteria to allow landlords up to 20 mortgaged BTLs earlier this year. 

The business also launches cuts on standard five-year fixed-rate products of 74bps, with rates starting from 6.55% and 6.65% on specialist and large houses in multiple occupation and multi-unit freehold blocks.  

Molo chief executive and co-founder Francesca Carlesi says the moves “offer better investment choices and options, both for first-time landlords and experienced portfolio investors with up to 50 mortgaged BTL properties.” 

She adds: “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.” 

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