Molo Finance has announced further rate reductions on its UK resident buy-to-let mortgage products.
Two-year fixed rates have been reduced by 10bps to 3.03%, while five-year fixed rates have dropped by 14bps to 4.59%, available for both individuals and limited companies.
In the specialist buy-to-let sector, five-year fixed rates for new build and holiday let properties have increased by 10bps, starting from 5.08%. However, HMO and MUFB rates remain unchanged from 3.23%, with no premium for larger properties (6+ rooms/units).
Rates for non-UK residents and expats remain steady from 5.99% and 5.24%, respectively.
Molo’s distribution director, Martin Sims, commented: "We understand that brokers need competitive financing to support their clients in today’s dynamic market. These latest reductions sharpen our pricing, providing landlords with the tools they need to secure better affordability, confidently grow their portfolios and maximise returns.”
