Molo has reduced rates on its UK resident buy-to-let (BTL) mortgage products by up to 0.20%.
Effectively immediately, 2-year fixed rates for standard BTL products now start at 2.83%, while 5-year fixed rates begin from 4.54%, available to both individuals and limited company borrowers.
Rates for specialist BTL products remain unchanged, including house in multiple occupation (HMO) and multi-unit freehold block (MUFB) mortgages, which start at 3.23%, with no premium for larger properties.
Meanwhile, rates for new build, investor led and holiday let products start at 3.38%.
Pricing for non-UK residents and expats borrowers remains steady, at 5.99% and 5.24%, respectively.
Martin Sims (pictured), distribution director at Molo, said: “As the market shifts, brokers need lenders who act quickly and stay focused on affordability.
“At Molo, we’re doing just that – offering consistently competitive pricing and helping brokers find solutions that work for their clients today and in the long term.”
