Molo has launched a new service which provides offers for buy-to-let (BTL) remortgages in just 24 hours.

The digital lender says Rapid Remortgage uses automated property and rental valuations, together with its automated decision-making system, to streamline and speed up the application process.

If eligible, it means offers will be issued within 24 hours of applying, subject to all the relevant information being received.

Molo customers can also take advantage of its reduced BTL remortgage rates, which include five-year fixed rates for both individuals and limited companies starting from 4.99%, with a 3.25% product fee, and a two-year fixed starting from 5.5% for limited companies with a 1.75% product fee.

All products are available across 65% and 75% loan-to-value.

Molo chief executive and co-founder Francesca Carlesi says: “Molo’s automation engine streamlines the remortgaging process and offers approvals in just 24 hours, at competitive rates, to help landlords save time and money. It means they can achieve their goals sooner, even in the current climate.”