Molo Finance has announced further cuts to its buy-to-let mortgage rates for UK residents, with two and five-year fixed products reducing by up to 14 basis points.
Effective from today, Molo’s two-year fixed buy-to-let rates now start at 3.03%, while five-year fixes begin at 4.59%. The reductions apply to mortgages offered to both individuals and limited companies, and form part of Molo’s core range for UK-resident borrowers.
INCREASES
While rates for houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs) remain unchanged at 3.23%, Molo has raised pricing on five-year fixed rates for New Build and Holiday Let properties by 10 basis points to 5.08%. Rates for non-UK residents and expats remain untouched, starting at 5.99% and 5.24% respectively.
The lender said its latest move was aimed at improving affordability for landlords seeking to grow their portfolios or refinance existing assets, particularly amid lingering economic uncertainty and a more discerning investor landscape.
Martin Sims, distribution director at Molo, said: “We understand that brokers need competitive financing to support their clients in today’s dynamic market. These latest reductions sharpen our pricing, providing landlords with the tools they need to secure better affordability, confidently grow their portfolios and maximise returns.”
The revised pricing structure applies only to Molo’s UK-resident range, with product guides for non-UK resident and expat mortgages remaining unchanged.
