Molo cuts buy-to-let mortgage rates by up to 71bps
Molo Finance, the UK’s first fully digital mortgage lending platform, has announced reductions in its buy-to-let fixed-rate products, by up to 71 bps.
Molo’s buy-to-let rates start from 3.94% for a two-year fixed for both individual and limited companies at 75% Loan-to-Value (LTV), while the five-year fixed rates commence at 5.19%.
Specialist product rates start from 4.04% for a two-year fixed term and 5.29% for a five-year fixed, serving Houses of Multiple Occupation (HMO) and Multi-Unit Freehold Blocks (MUFB) up to 12 lettable rooms and units, as well as holiday lets and new build properties.
As part of Molo’s non-UK resident proposition, two and five-year fixed rates for both individuals and limited company applicants now start from 7.54% for capital and interest mortgages and 8.29% for interest-only mortgages. Molo’s complete range of mortgage products will be accessible in our Resident and Non-Resident product guides, available for viewing on our website from 23 January 2024.
Commenting on the pricing, Molo’s VP of Strategy Mark Michaelides says, “With the swap rate trending lower and mortgage market stabilising as we start 2024, we are delighted to announce a comprehensive reduction across our buy-to-let fixed rate proposition for both UK resident and non-UK resident borrowers looking to purchase or remortgage”.
