Molo cuts limited company buy-to-let rates by 0.5 per cent

The lender is now offering a two-year deal for limited companies at up to 65 per cent loan to value (LTV) at 3.10 per cent, down by 0.35 per cent.

The five-year version at 65 per cent LTV was cut by 0.5 per cent to 3.35 per cent. The same deal at 75 per cent LTV was reduced by 0.52 per cent to 3.39 per cent.

Two- and three-year versions are also available at both LTV levels.

Molo launched its multi-director limited company mortgage last month, joining its individual offering. It said it received more than £250m in applications in the first half of the year.

Founder and CEO Francesca Carlesi (pictured) said: “We’re delighted to be able to offer fantastic rates to our customers which include a table topping 3.39 per cent, five-year fix for limited companies in the 75 per cent LTV bracket.”

It added that it was focusing on the limited company sector in response to the market’s shift into this area.