Molo cuts buy-to-let rates for UK residents

Molo has reduced pricing across its UK resident buy-to-let products, by up to 10bps on its standard buy-to-let range and 5bps across its specialist products.

Molo’s new buy-to-let rates start from 2.44% for a two-year fix, available to both individual and limited companies at 75% LTV. Five-year fixed rates begin at 4.24%. 

Specialist product rates, including HMO, portfolio landlords, new build and holiday lets, now start from 2.70% for two-year fixed rates and 4.49% for five-year fixes, with no premium for larger properties (6+ rooms/units). 

Rates for non-UK residents and expat borrowers remain unchanged at 5.84% and 4.75%, respectively.

Molo’s distribution director, Martin Sims, commented: “As rates settle, we intend to maintain a competitive stance. These cuts are intended to demonstrate our commitment to remain responsive to ever changing market conditions. Our simple aim is to make it easier for intermediaries to place client business.”