Molo has cut rates for UK resident landlords by 10bps, across two- and five-year products.
Effective immediately, Molo’s two-year fixed rates for standard BTL products now start at 2.85% at 75% LTV, while five-year fixed rates are available from 4.55%.
These reduced rates are available to both individuals and limited company landlords.
Pricing across its specialist product range, including HMOs, new builds and holiday lets, as well as its semi-commercial offering remains unchanged. Rates start from 3.01% and 5.65%, respectively.
Rates for non-UK residents and expat borrowers are also unchanged, with pricing available from 4.63% and 4.43% respectively, up to 85% LTV.
“As market conditions continue to evolve, we remain committed to ensuring that our pricing remains competitive,” said Martin Sims, distribution director at Molo (pictured above).
“These reductions keep our BTL products attractive for landlord clients while maintaining the flexibility and specialist knowledge that brokers have come to demand of Molo.”
