Molo reduces UK resident BTL fixed rates
By Tara SammonsMolo has cut its UK resident standard BTL fixed rates, helping improve affordability and providing brokers with more competitive options for their landlord clients.
Effective immediately (26th August), two-year fixed rates for standard BTL products start from 2.68%, while five-year fixed rates now start from 4.34%.
These updates are available to both individuals and limited company borrowers.
The change applies exclusively to UK resident standard BTL products.
Molo’s distribution director, Martin Sims, commented: “Reducing our standard BTL rates, again, is all about maintaining sharp affordable options for brokers in a time when rate competitiveness appears paramount to their landlord investor clients.
“Against a backdrop of ever-increasing costs and continued volatility in the swap market, our most recent changes assist UK-based landlords to invest with greater confidence when planning for the long term.”
Keywords: Molo BTL rate reduction, UK resident landlord finance, standard BTL fixed rates, Molo two year fixed, Molo five year fixed, affordable landlord mortgages, limited company BTL, Molo mortgage update, competitive BTL products, Martin Sims Molo, Molo distribution director, UK landlord investment
Source: BTL Insider — https://btlinsider.co.uk/molo-reduces-uk-resident-btl-fixed-rates