Molo launches two-year fixed rates from 2.99%

Molo Finance has introduced a third tier of product fees across its product range for UK residents, offering borrowers a wider range of rate and product fee combinations across both standard and specialist buy-to-let options.

Molo now offers a 2.99% two-year fixed rate for individual and limited company borrowers, available at 75% LTV. For longer-term options, five-year fixed rates now start from 4.49%.

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 4.14%, with five-year fixed rates from 4.59%. 

Molo’s distribution director, Martin Sims, said: “In response to ongoing shifts in the mortgage market, we’re pleased to offer reduced rates on our two-year fixed range, starting from 2.99%. 

"We anticipate this will help brokers deliver even greater value to their clients looking for shorter-term fixed options in the face of a reducing rate environment. These changes reflect continued commitment to our intermediary partners and in support of them offering the most competitive solutions to property investors.”