Molo Finance has announced that it has made further reductions to its rates, lowering its UK resident two-year and five-year fixed buy-to-let rates by 12 basis points.
The lender's additional rate reductions mean that two-year fixed rates for standard buy-to-let products now start at 3.13% for individual and limited company borrowers.
For specialist BTL products, including HMO, MUFBs, and investor-led and new-build properties, rates now start at 3.38%, offering greater flexibility for investors looking to purchase or refinance more complex investments. Rates for non-UK residents remain unchanged, starting from 5.99%, while expat rates start from 5.24%.
Molo’s Distribution Director, Martin Sims said, “We appreciate how important it is for brokers to access competitive and stable financing for their clients. This latest rate reduction reinforces our commitment to remain competitive and demonstrates a prompt response to the improving market conditions.”
