Molo trims specialist BTL and semi-commercial rates

Molo has reduced rates across its specialist BTL and semi-commercial product ranges for UK-resident borrowers, with two-year fixed rates reduced by five basis points and five-year fixed rates by seven basis points.

Effective immediately, two-year fixed rates across Molo’s specialist BTL range, which includes MUFBs, HMOs and new-build properties, now start from 3.66%, with five-year fixed rates available from 5.38%.

The lender continues to offer rates without additional premiums for larger properties, including MUFBs and HMOs with 12 or more units or rooms, providing brokers with greater certainty when sourcing finance for more complex investment properties.

Molo has also reduced pricing across its semi-commercial range, with two-year fixed rates now starting from 5.91% and five-year fixed rates from 6.38%.

Martin Sims, distribution director at Molo (pictured above), commented: “Landlords and brokers continue to operate in a market where financing costs remain a key consideration and economic conditions can change quickly.

“Where funding conditions allow, we are committed to passing those benefits on to borrowers.

“These latest reductions across our specialist BTL and semi-commercial ranges provide brokers with more competitive options for clients looking to purchase or refinance, helping investors make the most of emerging opportunities in the market.”