Molo launches new buy-to-let rates from 3.13%
Rates across the UK resident range have reduced by up to 0.12%.
Molo Finance has announced further reductions across its buy-to-let range, lowering its UK resident two and five-year fixed rates by 12 basis points.
Two-year fixed rates for standard buy-to-let products now start at 3.13% for individual and limited company borrowers and five-year rates start from 4.73%.
For specialist buy-to-let products, including HMO, MUFBs, investor-led and new-build properties, rates now start at 3.38% for two-year fixed rates and 4.98% on five-year fixes.
Rates for non-UK residents remain unchanged, starting from 5.99%, while expat rates start from 5.24%.
The latest cuts follow reductions of up to 0.20% across Molo's UK resident buy-to-let range earlier this month.
Molo’s distribution director, Martin Sims, commented: “We appreciate how important it is for brokers to access competitive and stable financing for their clients. This latest rate reduction reinforces our commitment to remain competitive and demonstrates a prompt response to the improving market conditions.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Iress
Iress expands mortgage and protection distribution through new Access FS platform
FCA
Advice firm employees plead guilty after defrauding clients of £2m
Atom Bank
Try Mortgage Network adds Atom Bank to residential mortgage panel
FCA
MPs call for investigation into FCA's treatment of whistleblowers
This week's biggest stories:
Iress
Iress expands mortgage and protection distribution through new Access FS platform
FCA
Advice firm employees plead guilty after defrauding clients of £2m
Atom Bank
Try Mortgage Network adds Atom Bank to residential mortgage panel
FCA
MPs call for investigation into FCA's treatment of whistleblowers
Mortgage Rates
Average five-year fixed rate mortgage hits 6%
Inflation
Inflation could return to target by end of 2027, economist predicts
