Molo reduces buy-to-let rates by up to 0.36%

Specialist buy-to-let lender, Molo, has reduced rates across its UK resident, non-UK resident and expat buy-to-let product ranges.

Molo’s UK resident buy-to-let rates now start from 2.98% on a two-year fix at 55% LTV, available to both individual and limited company borrowers, with five-year fixed rates starting from 4.73%.

Across the specialist range, which includes HMO, MUFB, new builds and holiday lets, two-year fixed rates now start at 3.14%, with five-year fixes from 4.89%. Notably, there is no rate premium for larger properties, including HMOs with five or more rooms or units.

Pricing for non-UK residents and expat borrowers has also been reduced, with rates starting from 4.58%.

Molo’s distribution director, Martin Sims, commented: “In the current market, competitive pricing remains central to helping brokers deliver workable buy-to-let solutions.

"These reductions strengthen our proposition across both standard and specialist ranges, giving brokers more scope to deliver solutions that work on affordability and long-term yield for UK, overseas and expat landlord clients.”