Molo cuts UK BTL rates by up to 14 bps
By Tara SammonsMolo has reduced rates by up to 14 basis points across its UK resident fixed-rate products.
For standard BTL products, two-year fixed rates now start at 2.54%, while five-year fixes begin from 4.34% — available for both individuals and limited company landlords.
Specialist product rates for HMO, Multi-Unit Freehold Blocks, new builds and holiday lets remain unchanged, from 2.75%, with no premium for larger properties. Rates for non-UK residents and expats remain steady, from 5.84% and 4.75%, respectively.
Molo’s distribution director, Martin Sims (pictured above), commented: “Brokers play a critical role in helping landlords secure the right financing.
“By reducing our rates, we are giving intermediaries stronger options and greater flexibility to support their clients — from first-time investors to seasoned portfolio landlords.”
Keywords: Molo, BTL rate cuts, UK resident fixed-rate products, 2 year fixed BTL rate, 5 year fixed BTL rate, 2.54% mortgage rate, 4.34% mortgage rate, individual landlords, limited company landlords, HMO mortgage rates, MUFB financing, new build mortgage
Source: BTL Insider — https://btlinsider.co.uk/molo-cuts-uk-btl-rates-by-up-to-14-bps