Molo reduces UK resident buy-to-let rates by 0.20%

Molo Finance has announced rate reductions of 20 basis points on its UK resident two-year and five-year buy-to-let products. 

For standard buy-to-let products, two-year fixed rates now start at 3.25% for individuals and limited companies and five-year fixed from 4.85%.

Specialist product rates - including multi-unit freehold blocks (MUFBs), houses of multiple occupation (HMO), new-build and investor-led properties - now start from 3.50% on two-year fixes and 5.10% on five-year fixes. 

The pricing changes impact the UK resident mortgage range only. Expat and non-UK resident pricing remains the same, starting from 5.24%. 

Molo’s distribution director, Martin Sims, commented: “Brokers play a crucial role in helping landlords secure the right financing. By reducing our rates, we are giving intermediaries even stronger options to support their clients, whether they are growing their portfolios or securing their first investment property.”