Molo Finance has announced reductions in its buy-to-let fixed-rate products by up to 71 basis points (bps).
Its buy-to-let rates start from 3.94% for a two-year fixed for both individual and limited companies at 75% loan to value (LTV), while the five-year fixed rates start at 5.19%.
Specialist product rates start from 4.04% for a two-year fixed term and 5.29% for a five-year fixed, serving Houses of Multiple Occupation (HMO) and Multi-Unit Freehold Blocks (MUFB) up to 12 lettable rooms and units, as well as holiday lets and new build properties.
As part of Molo’s non-UK resident proposition, two and five-year fixed rates for both individuals and limited company applicants now start from 7.54% for capital and interest mortgages and 8.29% for interest-only mortgages.
Mark Michaelides, Molo’s VP of strategy, said: “With the swap rate trending lower and mortgage market stabilising as we start 2024, we are delighted to announce today a comprehensive reduction across our buy-to-let fixed rate proposition for both UK resident and non-UK resident borrowers looking to purchase or remortgage.”