Molo Finance has cut rates for both 2-year and 5-year fixed rate products within its UK resident product range, across both standard and specialist buy-to-let options.
Effective immediately, Molo’s intermediary partners can secure a 2-year fixed rate for individual and limited company borrowers from 3.24%, available at a 75% loan-to-value (LTV), with a 5-year fixed equivalent product available from 4.59%.
Specialist products, including multi-unit freehold blocks (MUFBs), houses of multiple occupation (HMO), holiday lets, and new-build properties, have also seen rate reductions.
2-year fixed rates for these products now start from 3.39%, with5-year fixed rates from 4.69%.
Martin Sims (pictured), Molo’s distribution director, said: “We’re pleased to announce rate reductions across our UK resident fixed-rate range today as we seek to continue to support our intermediary partners and their clients with competitive pricing ahead of next week’s Budget.”
