Molo, the specialist mortgage lender for UK and overseas landlords, has announced reductions to its UK resident standard buy-to-let fixed rates.
Two-year fixed rates for standard buy-to-let products start from 2.68%, while five-year fixed rates now start from 4.34%. These updates are available to both individuals and limited company borrowers.
The change applies exclusively to UK resident standard buy-to-let products. Rates for specialist buy-to-let (including HMOs, multi-unit freehold blocks (MUFBs) and Holiday Lets), as well as for non-UK resident and expat mortgages remain unchanged.
Specialist buy-to-let rates continues to start from 2.89%, with no additional fees for larger properties (6+ rooms/units). Pricing for non-UK residents start from 5.69% and expat rates from 4.75%, with lending up to 85% LTV.
Molo’s distribution director, Martin Sims, commented: “Reducing our standard buy-to-let rates, again, is all about maintaining sharp affordable options to brokers in a time when rate competitiveness appears paramount to their landlord investor clients.
"Against a backdrop of ever-increasing costs and continued volatility in the swap market, our most recent changes assist UK-based landlords to invest with greater confidence when planning for the long term."
