Molo Finance has announced further reductions across its UK-resident BTL fixed-rate products. Following the reductions, rates now start from 4.55% for a two-year fixed rate for both individual and limited companies up to 75% loan-to-value - a 17bps reduction.
Five-year fixed rates for the standard range begin at 5.06%, equating to a 15bps reduction.
Product rates for Houses of Multiple Occupation, Multi-Unit Freehold Blocks, New build and Investor-Led properties now start from 4.65% for a two-year fixed product and 5.16% for a five-year fixed product.
Molo’s Distribution Director, Martin Sims, said: “After last week's encouraging inflation news, we are now able to realign our UK resident BTL fixed rates.
"This, we believe, will further assist our Intermediary partners when structuring their landlord clients' investment property finance and also secure enhanced future returns.”
