Molo Finance has made rate reductions of 0.20% on its UK resident 2-year and 5-year buy-to-let (BTL) products, effective immediately.
For standard BTL products, 2-year fixed rates now start at 3.25% for individuals and limited companies.
Specialist BTL product rates including multi-unit freehold blocks (MUFBs), houses of multiple occupation (HMO), new-build and investor-led properties, now start at 3.50%.
Rates for non-UK residents remain unchanged, starting at 5.99% while expat rates start at 5.24%.
Martin Sims (pictured), distribution director at Molo, said: “Brokers play a crucial role in helping landlords secure the right financing.
“By reducing our rates, we are giving intermediaries even stronger options to support their clients, whether they are growing their portfolios or securing their first investment property.”
