Molo launches new buy-to-let rates from 2.54%
Molo's two-year fixed rates have reduced by up to 0.14%.
Molo, the specialist mortgage lender for UK and overseas landlords, has announced a rate reduction of up to 0.14% on its UK resident buy-to-let two-year fixed rate products.
For standard buy-to-let products, two-year fixed rates now start at 2.54%, while five-year fixed rates begin from 4.34% - available for both individuals and limited company landlords.
Specialist product rates for HMO, MUFB, new builds and holiday lets remain unchanged, from 2.75%, with no premium for larger properties (6+ rooms/units). Rates for non-UK residents and expats remain from 5.84% and 4.75%, respectively.
Molo’s distribution director, Martin Sims, commented: “Brokers play a critical role in helping landlords secure the right financing. By reducing our rates, we are giving intermediaries stronger options and greater flexibility to support their clients - from first-time investors to seasoned portfolio landlords.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
First-time Buyer
Just one profession pays enough for buyers to afford average UK home
Inflation
Interest rates could rise as Bank of England responds to oil shock
FCA
APPG urges overhaul of 'systemically flawed' UK financial conduct regulation
Bank Of England
Bank of England holds interest rates as inflation risks persist
This week's biggest stories:
First-time Buyer
Just one profession pays enough for buyers to afford average UK home
Inflation
Interest rates could rise as Bank of England responds to oil shock
FCA
APPG urges overhaul of 'systemically flawed' UK financial conduct regulation
Bank Of England
Bank of England holds interest rates as inflation risks persist
FCA
FCA confirms new incident reporting and third party rules
Mortgage Rates
Average mortgage rates rise above 5% as market turbulence continues