Within its resident buy-to-let range, individual and limited company standard rates are now priced from 4.65 per cent for a two-year fixed rates and 5.75 per cent for a five-year fixed rate.
Individual and limited company specialist rates begin from 4.75 per cent for a two-year fixed rate and 5.85 per cent for a five-year fixed rate.
Lending is available up to 80 per cent LTV with affordability assessments available if rental is insufficient.
In its non-resident buy-to-let range, individual and limited company two and five-year fixed-rates start from 7.99 per cent for capital and interest mortgages and 8.74 per cent for interest-only mortgages.
There has also been a 100 basis point reduction in product fees to 1.5 per cent.
Deals are available up to 75 per cent LTV and affordability assessment can be used on loans up to 70 per cent LTV if rental is not sufficient.
The lender’s five-year switch product rates start from 6.24 per cent, which allows borrowers to move from fixed to tracker rates at any time during the term of the loan to make the most of base rate reductions.
Molo’s VP of strategy Mark Michaelides said: “We’re excited to announce these significant rate reductions, which reflect our ongoing commitment to delivering value to our customers in the UK and abroad across both our standard and specialist product ranges.”
Furness cuts resi rates
Furness has lowered rates across its residential product range, which are available in England, Scotland and Wales.
This range includes a two-year fixed rate starting at 5.08 per cent up to 75 per cent LTV, 5.28 per cent up to 80 per cent LTV and 5.74 per cent up to 90 per cent LTV.
For five-year fixed rates, pricing begins from 4.92 per cent for cases up to 80 per cent LTV.
All products in the residential product range are offered with a £999 fee, which can be paid up front or added to the loan. It also comes with £250 cashback.
Alasdair McDonald, head of intermediaries for Furness, said: “These new price reductions, coupled with our ability to look at cases individually means that we are always looking for a way to say yes.”
