Molo has reduced rates on its UK resident BTL mortgage products by up to 20 bps.
Effectively immediately, two-year fixed rates for standard BTL products now start at 2.83%, while five-year fixed rates begin from 4.54%, available to both individuals and limited company borrowers.
Rates for specialist BTL products, including HMO and MUFB mortgages, remain unchanged.
Molo’s distribution director, Martin Sims (pictured above), commented: “As the market shifts, brokers need lenders who act quickly and stay focused on affordability.
“At Molo, we’re doing just that – offering consistently competitive pricing and helping brokers find solutions that work for their clients today and in the long term.”
