Molo Finance, the UK’s first fully digital mortgage lender, further expands its buy-to-let product suite by launching Multi-Unit Freehold Blocks (MUFBs), designed to cater for properties with up to six units.
This move follows the recent launch of the lender’s Rapid Remortgage proposition and is in addition to its existing buy-to-let product range that includes Holiday Let, New Builds, HMO, and Portfolio Landlords.
Molo’s MUFB buy-to-let mortgages are available for independent landlords, with competitive rates of 5.19% fixed for 5-years with a 3.5% fee on both 65% and 75% loan-to-value (LTV) options.
All MUFB mortgages are eligible for Savings Booster, a linked overpayments account designed to help landlords reduce their monthly payments and minimise mortgage costs.
Francesca Carlesi, CEO and co-founder at Molo, said: “Landlords continue to look for property investment options, including ways to save money and diversify their portfolio. Introducing MUFB to our product range allows investors to maximise their rental income across several properties.
“This, along with our range of buy-to-let options and competitive rates, means landlords have even more choice when finding their next investment with Molo.”
