Digital lender Molo has announced rate reductions of up to 20 bps across its BTL mortgage range.
Following the changes, pricing for the firm’s UK resident fixed rates start from 4.15% for two-year fixes, and 4.79% for five-year fixes, available for both individuals and limited companies.
The specialist property range — which includes options for portfolio landlords, HMOs, MUFBs, holiday lets and new build properties — has also seen rate reductions, with two-year fixed rates starting at 4.30% and five-year fixed rates at 4.94%.
Meanwhile, the expat range products are now priced from 4.99% on one-year fixes, and from 5.94% for two- and five-year fixes.
Molo has also reduced rates on the five-year fixed product for non-UK residents, now starting at 7.54% for capital and interest mortgages.
Tracker rates have remained the same, with two-year trackers beginning at 8.39% and five-year trackers at 8.59%, both available at 70% LTV.
Commenting on the pricing, Molo’s distribution director, Martin Sims, said: “Our intermediary partners demand consistently competitive rates.
“These products continue to support brokers while they, in turn, provide their clients with compelling funding solutions.”
