Molo has announced a series of rate reductions across its UK resident buy-to-let mortgage range, bringing two-year fixed rates down to 2.83% and five-year deals to 4.54%.
The digital lender said the revised pricing, which takes effect immediately, applies to both individual and limited company borrowers. It marks a reduction of up to 20 basis points and is intended to help landlords and brokers maintain affordability and secure favourable financing.
Martin Sims, distribution director at Molo, said: “As the market shifts, brokers need lenders who act quickly and stay focused on affordability. At Molo, we’re doing just that – offering consistently competitive pricing and helping brokers find solutions that work for their clients today and in the long term.”
Specialist buy-to-let mortgages for houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs) are unaffected by the change. These products continue to start at 3.23%, with no rate premium for properties with more than six rooms or units. Molo also confirmed that New Build, Investor Led and Holiday Let products remain available from 3.38%.
The lender clarified that the rate adjustments are limited to its UK resident range. Mortgage pricing for non-UK residents and expat borrowers remains unchanged, with rates held at 5.99% and 5.24% respectively.
