Molo lowers buy-to-let mortgage rates for UK residents

Molo Finance has reduced rates across its UK resident buy-to-let fixed rate products.

Molo’s buy-to-let rates now start from 4.55% for a two-year fixed rate for both individual and limited companies up to 75% LTV, equating to a 17bps reduction.

Five-year fixed rates for the standard range begin at 5.06%, a 15bps reduction.

Product rates for HMOs, MUFBs, new build and investor-led properties now start from 4.65% for a two-year fixed product and 5.16% for a five-year fixed product.

Molo’s distribution director, Martin Sims, commented: “After last week's encouraging inflation news, we are now able to realign our UK resident buy-to-let fixed rates.

"This, we believe, will further assist our intermediary partners when structuring their landlord clients' investment property finance and also secure enhanced future returns.”