Molo has reduced rates across its UK resident standard buy-to-let (BTL) mortgage range, with 2-year fixed rates now starting from 2.68% and 5-year fixes from 4.34%.
The specialist lender said the move, effective from today, is aimed at boosting affordability and giving brokers sharper, more competitive options for their landlord clients.
The new pricing is available to both individual borrowers and limited companies.
Rates for specialist BTL products – covering houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFBs), holiday lets and new builds – remain unchanged, starting from 2.89%.
Non-UK resident and expat ranges are also unaffected, with rates continuing to start from 5.69% and 4.75% respectively, with lending up to 85% loan-to-value (LTV).
Molo confirmed that product guides for all ranges have been updated in line with the changes.
Martin Sims, distribution director at Molo, said: “Reducing our standard buy-to-let rates, again, is all about maintaining sharp affordable options to brokers in a time when rate competitiveness appears paramount to their Landlord Investor clients.
“Against a backdrop of ever-increasing costs and continued volatility in the swap market, our most recent changes assist UK-based landlords to invest with greater confidence when planning for the long term.”
