Molo Finance has introduced a third tier of product fees across its UK resident products, offering borrowers a wider range of rate and product fee combinations across both standard and specialist buy-to-let (BTL) options.
Effective immediately, Molo has launched a 2.99% 2-year fixed rate for individual and limited company borrowers, available at a 75% loan-to-value (LTV).
For longer-term options, 5-year fixed rates start from 4.49%.
Specialist products, including multi-unit freehold blocks (MUFBs), houses of multiple occupation (HMO), holiday lets, and new-build properties, have also seen rate reductions.
2-year fixed rates for these products now start from 4.14%, with 5-year fixed rates from 4.59%.
Martin Sims (pictured), Molo’s distribution director, said: “In response to ongoing shifts in the mortgage market, we’re pleased to offer reduced rates on our 2-year fixed range, starting from 2.99%.
“We anticipate this will help brokers deliver even greater value to their clients looking for shorter-term fixed options in the face of a reducing rate environment.
“These changes reflect continued commitment to our intermediary partners and in support of them offering the most competitive solutions to property investors.”
