Molo cuts buy-to-let rates by up to 71bps

Molo Finance has announced reductions across buy-to-let fixed rate mortgage products by up to 71bps.

Molo’s buy-to-let rates now start from 3.94% for a two-year fix for both individual and limited companies at 75% LTV, while five-year fixed rates start at 5.19%.

Specialist product rates start from 4.04% for a two-year fix and 5.29% for a five-year fix, serving HMOs and multi-unit freehold blocks up to 12 lettable rooms and units, as well as holiday lets and new build properties.

As part of Molo’s non-UK resident proposition, two and five-year fixed rates for both individuals and limited company applicants now start from 7.54% for capital and interest mortgages and 8.29% for interest-only mortgages.

Molo’s VP of strategy, Mark Michaelides, commented: “With the swap rate trending lower and mortgage market stabilising as we start 2024, we are delighted to announce today a comprehensive reduction across our buy-to-let fixed rate proposition for both UK resident and non-UK resident borrowers looking to purchase or remortgage.”