Molo has cut its UK resident standard BTL fixed rates, helping improve affordability and providing brokers with more competitive options for their landlord clients.
Effective immediately (26th August), two-year fixed rates for standard BTL products start from 2.68%, while five-year fixed rates now start from 4.34%.
These updates are available to both individuals and limited company borrowers.
The change applies exclusively to UK resident standard BTL products.
Molo’s distribution director, Martin Sims, commented: “Reducing our standard BTL rates, again, is all about maintaining sharp affordable options for brokers in a time when rate competitiveness appears paramount to their landlord investor clients.
“Against a backdrop of ever-increasing costs and continued volatility in the swap market, our most recent changes assist UK-based landlords to invest with greater confidence when planning for the long term.”
