Molo trims BTL rates by up to 20bps

Following the changes, pricing for the firm’s UK resident fixed rates start from 4.15% for two-year fixes, and 4.79% for five-year fixes, available for both individuals and limited companies.

The specialist property range — which includes options for portfolio landlords, HMOs, MUFBs, holiday lets and new build properties — has also seen rate reductions, with two-year fixed rates starting at 4.30% and five-year fixed rates at 4.94%.

Meanwhile, the expat range products are now priced from 4.99% on one-year fixes, and from 5.94% for two- and five-year fixes.

Molo has also reduced rates on the five-year fixed product for non-UK residents, now starting at 7.54% for capital and interest mortgages. 

Tracker rates have remained the same, with two-year trackers beginning at 8.39% and five-year trackers at 8.59%, both available at 70% LTV.

Commenting on the pricing, Molo’s distribution director, Martin Sims, said: “Our intermediary partners demand consistently competitive rates. 

“These products continue to support brokers while they, in turn, provide their clients with compelling funding solutions.”