Molo has cut rates by up to 36bps across both its standard and specialist ranges.
UK residents can now access Molo products from 2.98%, while non-UK residents and expat rates start from 4.78%.
Across the specialist range, which includes HMO, MUFB, new builds and holiday lets, two-year fixed rates now begin at 3.14%, with five-year fixes from 4.89%.
Notably, there is no rate premium for larger properties, including HMOs with five or more rooms or units.
These changes are effective immediately.
“In the current market, competitive pricing remains central to helping brokers deliver workable BTL solutions,” said Martin Sims, distribution director at Molo (pictured above).
“These reductions strengthen our proposition across both standard and specialist ranges, giving brokers more scope to deliver solutions that work on affordability and long-term yield for UK, overseas and expat landlord clients.”
