Molo launches new two-year fixed rates from 3.24%

Molo Finance has reduced rates across two and five-year fixed rate buy-to-let products within its UK resident product range, across both standard and specialist options. 

Five-year fixed rates have reduced by 0.25% and two-year rates by 0.10%.

Two-year fixed rates for individual and limited company borrowers now start from 3.24% at 75% LTV, with a five-year fixed equivalent product available from 4.59%.

Specialist products, including multi-unit freehold blocks (MUFBs), houses of multiple occupation (HMO), holiday lets, and new-build properties, have also seen rate reductions. Two-year fixed rates for these products now start from 3.39%, with five-year fixed rates from 4.69%. 

Molo’s distribution director, Martin Sims, said: “We’re pleased to announce rate reductions across our UK resident fixed rate range today as we seek to continue to support our intermediary partners and their clients with competitive pricing ahead of next week’s Budget.”