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Natwest and Molo Finance lower rates – round-up

  • 17/01/2023
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Natwest and Molo Finance lower rates – round-up
Natwest has made rate reductions to new and existing customer product ranges of up to 0.1 per cent.

This includes its remortgage at 60 per cent LTV, which is fixed for five years. This now has a rate of 4.33 per cent, down from 4.43 per cent. 

The same reduction has been made to its green remortgage which is also a five-year fix at 60 per cent LTV. This now has a rate of 4.28 per cent. 

The bank’s two and five-year switcher rates have also been reduced. 

Natwest has added a range of deals across its remortgage, tracker remortgage and green remortgage offering. This includes two and five-year fixed deals which offer £250 cashback. More than 30 deals have been added to the range. 


Molo Finance  

Molo Finance has cut rates on its five-year fixes and pricing now starts from 5.69 per cent. 

Changes apply to its 75 per cent LTV option which has seen a rate cut of 0.7 per cent for individual borrowers and one per cent for limited companies. 

Five-year fixes for homes in multiple occupation (HMO), holiday let, new build and investor-led mortgages start from 5.99 per cent on products up to 75 per cent LTV. 

Molo Finance has also replaced the five-year fixed deals up to 80 per cent LTV, for individuals and limited companies with lower rate products. These are available for first-time and portfolio landlords.  

Its tracker and variable rate mortgages remain unchanged and still start from 5.49 per cent. 

Francesca Carlesi CEO and co-founder of Molo Finance, said: “The speed and frequency of interest rate rises have led to issues for many landlords obtaining the right financing for their properties.  

“By reducing our five-year fixed rates, we have provided a solution for those landlords who would like the stability of a fixed rate and have been adversely affected by the stress testing and increases in the Bank of England base rate.” 

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