Molo has cut rates across its BTL and semi-commercial ranges by up to 30bps, with immediate effect.
The lender’s standard UK resident BTL rates have been reduced by 10bps, with two-year fixed rates now starting from 2.95% at 75% LTV and five-year fixes from 4.65%.
Across its specialist range, including portfolio landlords, investor-led and holiday lets, rates have been cut by 15bps. Two-year fixed rates now start from 3.01%, with five-year options from 4.69%.
Elsewhere, Molo has added to its semi-commercial range with a new two-year fixed rate starting from 5.65% at 75% LTV.
Five-year fixed rates for semi-commercial properties have been reduced by up to 30bps to 6.25%, alongside reductions in product fees. Combined, this lowers the overall cost of borrowing across the semi-commercial range by up to 50bps.
Rates for non-UK resident and expat borrowers remain unchanged, with pricing starting from 4.78% and 4.58% respectively.
“We are seeing continued strength in landlord demand, particularly from portfolio landlords looking to remortgage, restructure and capitalise on emerging opportunities,” said Martin Sims, distribution director at Molo (pictured above).
“At the same time, semi-commercial is gaining momentum as investors look to diversify their income streams.
“By lowering rates and overall borrowing costs, we are focused on giving brokers more flexibility and helping them place business effectively in what remains a highly unpredictable market.”
