"These products continue to support brokers whilst they, in turn, provide their clients with compelling funding solutions."
- Molo’s distribution director, Martin Sims
Following recent rate cuts in July, Molo has further reduced rates for UK residents with two-year fixed buy-to-let mortgages now starting from 4.15% for individual and limited company borrowers at 75% LTV, while five-year fixed rates now begin at 4.79%.
Specialist property products have also seen rate reductions, with two-year fixed rates starting at 4.30% and five-year fixed rates at 4.94%. This applies to portfolio buy-to-let, houses of multiple occupation (HMO), multi-unit freehold blocks (MUFBs), holiday lets, and new-build properties.
Expats can also take advantage of the reduced rates, with two-year and five-year fixed rate products now available from 5.94% for capital and interest mortgages. The one-year fixed remains at 4.99% whilst tracker rates remain unchanged - all at 70% LTV.
Molo has also reduced rates on five-year fixed products for non-UK residents, now starting at 7.54% for capital and interest mortgages. Tracker rates remain consistent, with two-year trackers beginning at 8.39% and five-year trackers at 8.59%.
Molo’s distribution director, Martin Sims, said: "Our intermediary partners demand consistently competitive rates. These products continue to support brokers whilst they, in turn, provide their clients with compelling funding solutions."
