New starting rate revealed…
Digital mortgage lending platform Molo Finance has announced rate reductions on its UK resident buy-to-let fixed rate products by up to 33 basis points (bps).
Molo’s BTL rates now start at 4.72% for a two-year fixed rate for both individual and limited companies up to 75% loan-to-value (LTV), while five-year fixed rates now begin at 5.21% for the standard product range.
Specialist product rates are slightly higher, starting at 4.82% for a two-year fix and 5.31% for the five-year option, catering to houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFBs), holiday lets, and new build properties.
Products with 80% LTV across both the standard and specialist ranges come with a 0.10% rate premium.
We have reduced our rates by up to 33bps across our UK resident products, effective TODAY! 🚀🏡
— Molo (@molofinance) May 31, 2024
More details can be found in our Press release: https://t.co/q27mGerexB #molo #buytolet #reducedpricing #mortgagerates #mortgagelender pic.twitter.com/xGa2gVdsTp
Full details of Molo’s entire range of mortgage products is available in their UK resident, expat, and non-UK resident product guides.
“Following our successful debut securitisation, we are delighted to announce rate reductions across our UK resident BTL fixed rate proposition, providing landlords with different fee options to suit their financing needs across a range of flexible products,” said Mark Michaelides (pictured), chief commercial officer at Molo Finance.
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