Molo Finance has announced a further 12 basis point (bps) reduction in rates across its two-year and five-year fixed buy-to-let products for UK residents.

The latest rate cut brings standard buy-to-let two-year fixed rates down to 3.13% for both individual and limited company borrowers.

SPECIALIST RATES

Molo has also adjusted rates for specialist buy-to-let products, including HMO, MUFBs, investor-led, and new-build properties, where rates now start at 3.38%.

Rates for non-UK residents and expat landlords remain unchanged at 5.99% and 5.24%, respectively.

Martin Sims, distribution director at Molo Finance, said the move was a response to improving market conditions.

He added: “We appreciate how important it is for brokers to access competitive and stable financing for their clients. This latest rate reduction reinforces our commitment to remain competitive and demonstrates a prompt response to the improving market conditions.”