Molo reduces fixed mortgage rates by up to 0.25%

Molo’s intermediary partners can now secure a two-year fixed rate for individual and limited company borrowers from 3.24%, available at a 75% LTV, with a five-year fixed equivalent product available from 4.59%.

Specialist products, including MUFBs, HMOs, holiday lets, and new-build properties, have also seen rate reductions.

Two-year fixed rates for these products now start from 3.39%, with five-year fixed rates from 4.69%.

Martin Sims, distribution director at Molo, commented: “We’re pleased to announce rate reductions across our UK resident fixed-rate range today as we seek to continue to support our intermediary partners and their clients with competitive pricing ahead of next week’s budget.”