Molo cuts BTL mortgage rates and YBS wins top award

Molo Finance has lowered its buy to let (BTL) mortgage rates, offering fresh opportunities for landlords.

It has announced immediate cuts to its BTL rates, with two-year fixed rates now starting at 3.03% — a reduction of 10 basis points — and five-year fixed rates dropping to 4.59%, a drop of 14 basis points.

These competitive rates apply to both individual and corporate borrowers, enhancing affordability for those expanding portfolios or refinancing investments.

However, five-year fixed rates for new build and holiday let properties have risen slightly to 5.08%, up 10 basis points, while rates for HMO and MUFB properties hold steady at 3.23%.

Pricing for non-UK residents and expats remains unchanged at 5.99% and 5.24%, respectively.

Martin Sims, Molo’s distribution director, 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.”

BTL market shows mixed signals

Meanwhile, the buy to let mortgage market in March 2025 showed mixed signals, according to data from Twenty7tec.

Buy to let purchase searches fell by 3.43% from February but saw a sharp 12.97% rise in remortgage searches.

Year-on-year, BTL purchase inquiries dropped 12.25%, while remortgage searches fell by 2.82%.

Nathan Reilly, a director at Twenty7tec, said: “March’s mortgage market certainly was a mixed picture, likely due to more customers looking to refinance amid ongoing speculation around rate cuts later in the year.

“On the purchase side, searches – including those from first-time buyers – dipped slightly by 2.4%, but we’re still seeing encouraging growth compared to this time last year.”

YBS picks up major award

YBS Commercial Mortgages has been recognised for its outstanding performance, clinching the Best Commercial Mortgage Provider title at a major awards.

The lender also received high commendation in the ‘Best Service from a Commercial Mortgage Provider’ category.

The awards, determined by product analysis and feedback from brokers and the business community, underscore YBS’s commitment to innovation and customer service.

Angela Norman, interim managing director of YBS Commercial Mortgages, said: “We’re delighted to win this award, based on feedback from our brokers.

“As a business, we’re really proud of what we’ve achieved over the last 12 months – from strengthening our teams on the ground, to new products which have enabled us to branch out into new markets and help more borrowers.”

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