Molo Finance has reduced its BTL rates by up to 25bps.
The digital mortgage lender has dropped its BTL pricing for UK residents, expats, and non-UK residents.
UK residents (both individual and limited company borrowers) will be able to access two-year fixed BTL mortgages from 4.35%, while five-year fixed rates start at 4.96%.
MUFBs, HMOs, holiday lets, and investor-led properties also attract a lower rate, now starting from 4.45% for a two-year fix and 5.06% for a five-year fix.
Expats can secure two- and five-year fixed BTL products from 4.99% for capital and interest mortgages and 5.74% for interest-only mortgages, both at 70% LTV.
Fixed rates remain unchanged for non-UK residents, starting from 5.99% for a one-year fix and 7.74% for a two-year fix.
Tracker rates have seen an increase, with two-year trackers starting from 8.65%, and five-year trackers from 8.84%, both at 70% LTV.
“By offering more competitive rates, we aim to empower intermediaries to secure optimal financing solutions, helping them to meet their client’s needs,” said Martin Sims, distribution director at Molo.
A £150 application fee applies to all new UK resident applications.
