The lender’s two-year fixed standard BTL mortgage rates, for individual and limited company borrowers, now start at 2.74%, while five-year fixes begin at 4.39%.
Specialist rates start from 2.89% and 4.54% respectively, and these are available for specialist BTL cases such as new builds, holiday lets, houses in multiple occupation (HMOs), and multi-unit freehold blocks (MUFBs).
No extra fees apply to larger properties with more than six rooms or units.
Changes only apply to mortgages for UK residents; rates for non-UK residents and expat borrowers still start from 5.69% and 5.24% respectively, up to 85% loan to value (LTV).
Martin Sims, distribution director at Molo, said: “We are committed to providing intermediaries with product offerings that help landlords stay competitive and agile in today’s fast-moving market.
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“By reducing rates and maintaining simplicity across our specialist products, we are giving brokers more flexibility and landlords greater access to sustainable, affordable solutions, whether they are investing in a single property or growing a complex portfolio.”
The lender made changes to expat BTL pricing last month.
