Molo Finance has cut rates across its BTL product range by 20bps.
For standard BTL products, two-year fixed rates now start at 3.25% for individuals and limited companies. On five-year fixed rates, these mortgages start from 4.85%.
At the same time, specialist BTL product rates including MUFBs, HMOs, new-build and investor-led properties, now start at 3.50% on two-year fixed rates. Rates for five-year fixed-rate mortgages start from 5.10%.
These changes have been made with immediate effect for UK resident mortgages, though expat and non-UK resident pricing remains the same. These rates will continue to start from 5.24% and 5.99%, respectively.
“Brokers play a crucial role in helping landlords secure the right financing,” said Martin Sims, distribution director at Molo (pictured above).
“By reducing our rates, we are giving intermediaries even stronger options to support their clients, whether they are growing their portfolios or securing their first investment property.”
