Molo Finance has made reductions across its buy-to-let (BTL) fixed-rate products, reducing deals by up to 0.71%.
Molo’s buy-to-let rates start from 3.94% for a 2-year fixed for both individual and limited companies at 75% loan-to-value (LTV), while its 5-year fixed rates commence at 5.19%.
Specialist product rates start from 4.04% for a 2-year fixed term and 5.29% for a 5-year fixed, serving houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs) up to 12 lettable rooms and units, as well as holiday lets and new-build properties.
As part of Molo’s non-UK resident proposition, 2-year and 5-year fixed rates for both individuals and limited company applicants now start from 7.54% for capital and interest mortgages and 8.29% for interest-only mortgages.
Mark Michaelides, VP of strategy at Molo, said: “With the swap rate trending lower and mortgage market stabilising as we start 2024, we are delighted to announce today a comprehensive reduction across our buy-to-let fixed rate proposition for both UK resident and non-UK resident borrowers looking to purchase or remortgage.”
