2-year fixed rates start from 4.72%, 5-year fixed rates start from 5.21%
News Highlights
- Molo announces reductions across its UK resident buy-to-let (BTL) fixed rate products, with 2-year fixed rates starting from 4.72% and 5-year fixed rates starting from 5.21%
- Specialist product rates for HMOs, MUFBs, holiday lets, and new build properties available with just a 0.10% rate premium
- Pricing changes impact UK resident mortgage range only; Expat and Non-UK resident pricing remains the same
Molo Finance, the UK’s first fully digital mortgage lending platform, has announced reductions across its UK resident BTL fixed-rate products by up to 33 basis points.
Molo’s BTL rates start from 4.72% for a two-year fixed rate for both individual and limited companies up to 75% loan-to-value (LTV), while the five-year fixed rates commence at 5.21% for the standard product range.
Specialist product rates start just 0.10% higher from 4.82% for a two-year fixed term and 5.31% for a five-year fixed, serving Houses of Multiple Occupation (HMO) and Multi-Unit Freehold Blocks (MUFB), as well as holiday lets and new build properties.
80% LTV products across both the standard and specialist range have a 0.10% rate premium applied
Molo’s full range of mortgage products is accessible in our UK Resident, Expat, and Non-UK Resident product guides.
Commenting on the pricing, Molo’s Chief Commercial Officer, Mark Michaelides, says, “Following our successful debut securitisation earlier this month, we are delighted to announce rate reductions across our UK resident BTL fixed-rate proposition, providing landlords with different fee options to suit their financing needs across a range of flexible products.”
