Molo, the specialist mortgage lender for UK and overseas landlords, has announced a rate reduction of up to 0.14% on its UK resident buy-to-let two-year fixed rate products.
For standard buy-to-let products, two-year fixed rates now start at 2.54%, while five-year fixed rates begin from 4.34% - available for both individuals and limited company landlords.
Specialist product rates for HMO, MUFB, new builds and holiday lets remain unchanged, from 2.75%, with no premium for larger properties (6+ rooms/units). Rates for non-UK residents and expats remain from 5.84% and 4.75%, respectively.
Molo’s distribution director, Martin Sims, commented: "By reducing our rates, we are giving intermediaries stronger options and greater flexibility to support their clients - from first-time investors to seasoned portfolio landlords.”
