Molo reduces standard buy-to-let fixed rates

Specialist buy-to-let lender, Molo, has reduced all two and five-year fixed rates across its standard buy-to-let product range for UK resident borrowers by 10 basis points.

The standard range is available to individual and limited company borrowers, including first-time and portfolio landlords, for property purchases and remortgages.

Two-year fixed rates within Molo’s standard buy-to-let range now start from 3.60%, reduced from 3.70%, with five-year fixed rates starting from 5.30%. Both starting rates are available at up to 75% LTV.

Products are available at up to 80% LTV, where two-year fixed rates start from 3.65% and five-year fixed rates start from 5.35%.

Fixed pricing across Molo’s specialist buy-to-let range remains unchanged, with two-year fixed rates starting from 3.74% at up to 75% LTV. 

Molo’s distribution director, Martin Sims, commented: “Landlords continue to face a challenging environment where borrowing costs remain a key consideration. We are therefore pleased to be reducing two and five-year fixed rates across our Standard buy-to-let range to pass savings on to borrowers.

“These latest reductions strengthen our proposition for brokers supporting landlord clients, whether they are purchasing a new investment property or remortgaging an existing one. As a specialist lender, we are committed to reacting positively and promptly whenever market conditions allow.”