Molo Finance makes reductions of up to 0.80% across fixed-rate mortgage products

Molo Finance has made reductions of up to 0.80% across its fixed-rate product range, effective from today, Wednesday 29th November.

Reductions on its resident buy-to-let (BTL) range include individual and limited company standard 2-year and 5-year fixed rates from 4.65% and 5.75% respectively.

In addition, individual and limited company specialist rates – including large houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs), holiday lets, and new-builds – start from 4.75% for a 2-year fixed and 5.85% for a 5-year fixed.

Lending is available up to 80% loan-to-value (LTV).

As for Molo’s non-resident BTL range, individual and limited company 2-year and 5-year fixed rates now start from 7.99% for capital and interest mortgages and 8.74% for interest-only mortgages, alongside a 100bps reduction in the product fee at 1.50%.

Lending is available up to 75% loan-to-value (LTV) for these products, with an affordability assessment available on loans up to 70% LTV if rental is not sufficient.

Mark Michaelides, Molo’s VP of strategy, said: “We’re excited to announce these significant rate reductions, which reflect our ongoing commitment to delivering value to our customers in the UK and abroad across both our standard and specialist product range.”