Specialist buy-to-let lender Molo Finance has cut buy-to-let mortgage products – as its 2-year fixes now start at 3.03%, albeit with a hefty product fee of 6.50% and a 25% deposit.
Its 5-year fixes were also cut by 0.14% to 4.59% to 75% LTV and with a 7% product fee.
Martin Sims, distribution director at Molo, said: “We understand that brokers need competitive financing to support their clients in today’s dynamic market.
“These latest reductions sharpen our pricing, providing landlords with the tools they need to secure better affordability, confidently grow their portfolios and maximise returns.”
Products are available for individuals and limited companies, as well as to UK residents and those based overseas.
In the specialist buy-to-let sector, five-year fixed rates for New Build and Holiday Let properties, have increased by 0.10%, starting from 5.08%.
However, HMO and MUFB rates remain unchanged from 3.23%, with no premium for larger properties (6+ rooms/units). Rates for non-UK residents and expats at 5.99% and 5.24%.
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