Molo has cut pricing across its UK resident buy-to-let mortgage rates and semi-commercial range, with reductions of up to 30bps aimed at lowering the overall cost of borrowing for landlords and investors.
The specialist lender, which serves both UK and overseas landlords, made the changes effective immediately. Standard UK resident BTL rates have come down by 10bps, with two-year fixed rates now starting from 2.95% at 75% LTV and five-year fixes from 4.65%.
Rates across Molo's specialist range, which includes portfolio landlords, investor-led deals and holiday lets, have been reduced by 15bps. Two-year fixed rates now start from 3.01%, with five-year options from 4.69%. The products are available to individual and limited company borrowers alike, and there's no additional pricing for larger properties of six or more rooms or units.
Molo has also strengthened its semi-commercial offering with several changes:
- a new two-year fixed rate starting from 5.65% at 75% LTV
- five-year fixed rates cut by up to 30bps to 6.25%
- reductions in product fees across the range
Combined, these changes lower the total cost of borrowing on semi-commercial products by up to 50bps, the lender said.
Pricing for non-UK resident and expat borrowers remains unchanged, starting from 4.78% and 4.58% respectively.
"We made these reductions as the market continues to shift and brokers demand that lenders keep pace," said Martin Sims, distribution director at Molo (pictured). "Swap rate movements and sustained competition require meaningful reductions.
"We are seeing continued strength in landlord demand, particularly from portfolio landlords looking to remortgage, restructure and capitalise on emerging opportunities," he added. "At the same time, semi-commercial is gaining momentum as investors look to diversify their income streams. By lowering rates and overall borrowing costs, we are focused on giving brokers more flexibility and helping them place business effectively in what remains a highly unpredictable market."
