Molo has reduced buy-to-let mortgage rates across its UK resident lending range, lowering pricing on standard buy-to-let products as well as specialist HMO and MUFB offerings.
The specialist mortgage lender, which serves both UK-based and overseas landlords, has introduced rate reductions of up to five basis points across its standard buy-to-let range and up to 10 basis points on HMO and MUFB products. The changes follow the launch of its semi-commercial range last month.
With immediate effect, buy-to-let mortgage rates for UK residents now start from 3.05% on a two-year fixed rate product at 75% loan-to-value. The product is available to both individual and limited company borrowers.
Five-year fixed rates within the standard range now start from 4.75%.
The lender has also reduced pricing across its specialist range. HMO and MUFB products are now available from 3.16% on two-year fixed rates, while five-year fixed options start from 4.84%.
Molo continues to offer the same pricing structure for larger properties, with no additional premium applied to properties containing six or more rooms or units.
Outside the UK resident range, pricing remains unchanged. Rates for non-UK resident borrowers continue to start from 4.78%, while expat landlord products start from 4.58%.
The lender said the latest changes reflect its focus on maintaining competitive pricing for brokers and landlords as lending market conditions continue to develop.
"As market conditions continue to shift, maintaining competitive pricing is key," said Martin Sims, distribution director at Molo (pictured).
"These latest reductions ensure we remain well-positioned to support brokers and their landlord clients across a broad spectrum of buy-to-let needs, from straightforward cases to more complex property types."
