Molo has reduced rates across its UK resident buy-to-let and semi-commercial mortgage ranges, with pricing cuts of up to 30 basis points and lower product fees designed to reduce overall borrowing costs.
The specialist lender has announced immediate reductions across its UK resident buy-to-let offering, with standard products cut by 10bps.
As a result, two-year fixed rates now start from 2.95% at 75% LTV, while five-year fixed rates begin at 4.65%.
Molo has also reduced pricing by 15bps across its Specialist range, which includes products for portfolio landlords, investor-led borrowers and holiday lets.
Following the changes, two-year fixed rates in the Specialist range start from 3.01%, with five-year options available from 4.69%.
The lender said products remain available to both individual and limited company borrowers, with no additional pricing applied to larger properties comprising six or more rooms or units.
The lender has also expanded its semi-commercial proposition with the launch of a new two-year fixed-rate product starting from 5.65% at 75% LTV.
At the same time, five-year fixed rates within the semi-commercial range have been reduced by up to 30bps to 6.25%, alongside cuts to product fees. Molo said the combined changes lower the overall cost of borrowing by up to 50bps.
Pricing for non-UK resident and expat borrowers remains unchanged, with rates continuing to start from 4.78% and 4.58% respectively.
Martin Sims (pictured), distribution director at Molo, said: “We made these reductions as the market continues to shift and brokers demand that lenders keep pace. Swap rate movements and sustained competition require meaningful reductions.
“We are seeing continued strength in landlord demand, particularly from portfolio landlords looking to remortgage, restructure and capitalise on emerging opportunities.
“At the same time, semi-commercial is gaining momentum as investors look to diversify their income streams. By lowering rates and overall borrowing costs, we are focused on giving brokers more flexibility and helping them place business effectively in what remains a highly unpredictable market.”
