Molo cuts rates for UK residents by 12bps

Molo has cut rates across its standard and specialist BTL ranges for UK residents by up to 12bps.

In the standard range, two-year fixed rates now start from 3.09% and five-year fixed rates start from 4.87%.

These new rates available for both individuals and limited company borrowers.

Elsewhere, specialist products for holiday lets and HMOs now start from 3.19% on two-year fixed rates and 4.97% on five-year fixes.

All of these rate changes apply with immediate effect.

Molo also continues to apply no rate premium for larger properties, including HMO/MUFBs with 12 or more rooms or units.

Molo’s semi-commercial range remains unchanged, with rates from 5.65%. Pricing for non-UK resident and expat borrowers is also unchanged, with rates starting from 4.63% and 4.43% retrospectively, available up to 85% LTV.

“The latest reductions strengthen our support for brokers working across the BTL market,” said Martin Sims, distribution director at Molo (pictured above).

“Whether placing straightforward landlord cases or more specialist transactions involving HMOs, holiday lets or larger portfolio borrowers, brokers can continue to access competitive pricing covering a broad range of client circumstances.”