Molo has announced that it has cut buy-to-let rates across its Standard range for UK resident borrowers, reducing all two- and five-year fixed rates by 10 basis points.
The range is open to individual and limited company borrowers, including first-time and portfolio landlords, for purchases and remortgages.
From 9am today, two-year fixed buy-to-let rates start from 3.60%, down from 3.70%, while five-year fixed rates start from 5.30%, down from 5.40%. Both starting rates apply at up to 75% LTV. At up to 80% LTV, two-year fixes start from 3.65% and five-year fixes from 5.35%.
Buy-to-let rates unchanged elsewhere
Pricing in the Specialist range stays the same, with two-year fixed buy-to-let rates from 3.74% at up to 75% LTV. Semi-Commercial fixed rates also hold, with two-year pricing from 5.99% at up to 65% LTV.
The full set of product guides for UK-resident, non-UK resident and expat borrowers will be updated and available from today.
“Landlords continue to face a challenging environment where borrowing costs remain a key consideration,” said Martin Sims, distribution director at Molo (pictured). “We are therefore pleased to be reducing two- and five-year fixed rates across our Standard buy-to-let range to pass savings on to borrowers.
“These latest reductions strengthen our proposition for brokers supporting landlord clients, whether they are purchasing a new investment property or remortgaging an existing one. As a specialist lender, we are committed to reacting positively and promptly whenever market conditions allow.”
