Molo Finance cuts buy-to-let fixed rates

Published on

Molo Finance has announced reductions across its UK resident buy-to-let fixed-rate products by up to 33 basis points.

Molo’s buy-to-let rates start from 4.72% for a two-year fixed rate for both individual and limited companies up to 75% loan to value (LTV), while the five-year fixed rates commence at 5.21% for the standard product range.

Specialist product rates start at 0.10% higher from 4.82% for a two-year fixed term and 5.31% for a five-year fixed, serving Houses of Multiple Occupation (HMO) and Multi-Unit Freehold Blocks (MUFB), as well as holiday lets and new build properties.

80% LTV products across both the standard and specialist range have a 0.10% rate premium applied.

Mark Michaelides, Molo’s chief commercial officer, said: “Following our successful debut securitisation earlier this month, we are delighted to announce rate reductions across our UK resident buy-to-let fixed-rate proposition, providing landlords with different fee options to suit their financing needs across a range of flexible products.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Govt’s homebuying reform ‘could cut buying times by four weeks’

The government’s proposed overhaul of the homebuying process could save first-time buyers an average...

IMLA back overhaul of home buying system amid call for clarity and professionalism

The Intermediary Mortgage Lenders Association has welcomed the government’s consultation on reforming the home...

DPT Monitoring Surveyors launches 24-hour Rapid Reports to speed up drawdowns

DPT Monitoring Surveyors has introduced a new service designed to accelerate the release of...

LendInvest launches 8.25% retail bond and exchange offer

LendInvest has announced the launch of a new retail bond paying 8.25% as part...

CGI studio scales global creative output with Optimum Finance support

A London-based animation and motion graphics agency has secured new funding to help it...

Latest publication

Other news

Govt’s homebuying reform ‘could cut buying times by four weeks’

The government’s proposed overhaul of the homebuying process could save first-time buyers an average...

IMLA back overhaul of home buying system amid call for clarity and professionalism

The Intermediary Mortgage Lenders Association has welcomed the government’s consultation on reforming the home...

DPT Monitoring Surveyors launches 24-hour Rapid Reports to speed up drawdowns

DPT Monitoring Surveyors has introduced a new service designed to accelerate the release of...