Molo Finance has made reductions to its buy-to-let (BTL) mortgage rates for UK residents, expats and non-UK residents, with adjustments of up to 0.25%.
Effective immediately, deals for UK residents include 2-year fixed buy-to-let rates starting from 4.35% for individual and limited company borrowers at a 75% loan-to-value (LTV), with 5-year fixed rates at 4.96%.
Specialist property products including multi-unit freehold blocks (MUFBs), houses of multiple occupation (HMOs), holiday lets and investor-led properties, also benefit from reduced rates, from 4.45% for a 2-year fixed and 5.06% for a 5-year fixed rate.
Expat deals will also see reduced rates, with 2- and 5-year fixed BTL products now available from 4.99% for capital and interest mortgages and 5.74% for interest-only mortgages, both at a 70% LTV.
However, for non-UK residents, fixed rates remain unchanged, starting from 5.99% for a 1-year fixed and 7.74% for a 2-year fixed rate.
In addition, tracker rates have been increased, with 2-year trackers starting from 8.65% at 70% LTV.
Martin Sims (pictured), Molo’s distribution director, said: “We are pleased to announce these updated rates across our buy-to-let product range.
“By offering more competitive rates, we aim to empower intermediaries to secure optimal financing solutions, helping them to meet their client’s needs”
