Molo Finance has announced further rate reductions on its UK resident buy-to-let (BTL) mortgage products, available for both individuals and limited companies.
The lender’s 2-year fixed rates have reduced by 0.10% to 3.03%, while 5-year fixed rates have dropped by 0.14% to 4.59%.
In its specialist BTL range, 5-year fixed rates for new build and holiday let properties, have increased by 0.10%, starting from 5.08%.
However, house in multiple occupation (HMO) and multi-unit freehold block (MUFB) rates remain unchanged from 3.23%, with no premium for larger properties – those with over six rooms or units,
Rates for non-UK residents and expats remained steady from 5.99% and 5.24%, respectively.
Martin Sims (pictured), distribution director at Molo, said: “We understand that brokers need competitive financing to support their clients in today’s dynamic market.
“These latest reductions sharpen our pricing, providing landlords with the tools they need to secure better affordability, confidently grow their portfolios and maximise returns.”
