Molo unveils new buy-to-let rates

Published on

Molo Finance has announced rate reductions across its buy-to-let mortgage range.

These changes are designed to offer landlords more competitive options whether they are starting, expanding, or enhancing their property portfolio funding.

Following a recent rate cut in July, Molo has further reduced rates for UK residents to include two-year fixed buy-to-let mortgages starting from 4.15% for individual and limited company borrowers at a 75% loan-to-value (LTV), while five-year fixed rates now begin at 4.79%.

Specialist property products have also seen rate reductions, with two-year fixed rates starting at 4.30% and five-year fixed rates at 4.94%. This applies to portfolio landlord buy-to-let (PBTL), houses of multiple occupation (HMO), multi-unit freehold blocks (MUFBs), holiday lets, and new-build properties.

Expats can also take advantage of the reduced rates, with two-year and five-year fixed rate products now available from 5.94% for capital and interest mortgages. The one-year fixed remains at 4.99% whilst tracker rates remain unchanged – all at 70% LTV.

Molo has also reduced rates on the five-year fixed product for non-UK residents, now starting at 7.54% for capital and interest mortgages. Tracker rates remain consistent, with two-year trackers beginning at 8.39% and five-year trackers at 8.59%, both at a 70% LTV.

Martin Sims, Molo’s distribution director, said: “Our intermediary partners demand consistently competitive rates. These products continue to support brokers whilst they, in turn, provide their clients with compelling funding solutions.”

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

First-time buyer mortgage activity outpaces home mover market

First-time buyer mortgage applications have outpaced the wider housing market in the second quarter...

HSBC revises mortgage ranges and fixed rate terms

HSBC is making extensive updates to its residential and international mortgage product ranges, with...

Santander cuts remortgage rates

Santander UK has reduced interest rates on all of its 60–75% loan-to-value (LTV) remortgage...

Cavendish unveils new brand to mark 40th anniversary

One of the UK’s longest-standing conveyancing firms has marked its 40th year in business...

The Leeds and L&C streamline applications with open banking pilot

Leeds Building Society and L&C Mortgages have introduced a new automated process that enables...

Latest opinions

Broker proactivity can ease path back to prime

One of the lessons we’ve taken from the ever rising levels of interest in...

We need to look again at two-year swaps…

Over the last 12 months, we’ve seen three notable things happen in the swaps...

How product transfers can help landlords and brokers in a challenging market

In an ever-changing buy-to-let market, the task of managing a property portfolio becomes increasingly...

Finding the ‘yes’ on finance for trading businesses

Pressure on UK trading businesses continues to mount, driven by rising costs, tight cash...

Other news

First-time buyer mortgage activity outpaces home mover market

First-time buyer mortgage applications have outpaced the wider housing market in the second quarter...

HSBC revises mortgage ranges and fixed rate terms

HSBC is making extensive updates to its residential and international mortgage product ranges, with...

Santander cuts remortgage rates

Santander UK has reduced interest rates on all of its 60–75% loan-to-value (LTV) remortgage...