Molo Finance has announced that it has reduced rates 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, 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 and Multi-Unit Freehold Blocks, 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 Chief Commercial Officer, Mark Michaelides, said: “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.”
