Molo reduces UK resident buy-to-let rates by 10bps
Two-year fixed rates now start from 2.85%.
Molo has reduced rates by 0.10% across its UK resident two-year and five-year buy-to-let range.
Two-year fixed rates for standard buy-to-let products now start from 2.85% at 75% LTV, while five-year fixed rates are available from 4.55%. The reduced rates are available to both individuals and limited company landlords.
Pricing across its specialist product range, including HMOs, new builds and holiday lets, as well as its semi-commercial offering remains unchanged. Rates start from 3.01% and 5.65% retrospectively.
Rates for non-UK residents and expat borrowers are also unchanged, with pricing available from 4.63% and 4.43% retrospectively, up to 85% LTV.
Molo’s distribution director, Martin Sims, commented: “As market conditions continue to evolve, we remain committed to ensuring that our pricing remains competitive. These reductions keep our buy-to-let products attractive for landlord clients whilst maintaining the flexibility and specialist knowledge that brokers have come to demand of Molo.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
CHL Mortgages
CHL enhances bridging range with AVMs and enhanced adverse credit criteria
Housing Market
July housing transactions dip 2% amid 'cautious market': HMRC
