Molo Finance announces lower BTL mortgage rates

Molo Finance has reduced the interest rates on its buy to let products for UK residents with reductions of up to 33 basis points.

This, the digital mortgage lender says, will make its BTL mortgages more attractive to landlords.

For standard buy to let properties with a loan-to-value (LTV) ratio of up to 75%, Molo now offers a two-year fixed rate starting from 4.72%.

For those seeking a longer fixed term, a five-year option is available from 5.21%.

‘Reductions across our UK resident BTL fixed-rate proposition’

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.”

For landlords with specialist properties, such as houses in multiple occupation (HMOs) or holiday lets, can also benefit from Molo’s new rates.

These specialist BTL mortgages begin at 0.10% higher than the standard products, with a two-year fixed rate starting from 4.82% and a five-year fixed from 5.31%.

For assistance with any type of buy to let (BTL), property or commercial finance please complete the contact form below: