Molo’s five-year fixed rates begin at 4.59% and options are open to individual and limited company borrowers.
On the specialist BTL side, its new-build and holiday let five-year fixed rates have been increased by 0.1% to start from 5.08%.
However, pricing for houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs) are unchanged at 3.23%, and there is no premium for larger properties with more than six rooms or units.
Rates for non-UK residents and expats also remain the same at 5.99% and 5.24% respectively.
Martin Sims, distribution director at Molo, said: “We understand that brokers need competitive financing to support their clients in today’s dynamic market.
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“These latest reductions sharpen our pricing, providing landlords with the tools they need to secure better affordability, confidently grow their portfolios and maximise returns.”
MPowered Mortgages drops mortgage rates
MPowered Mortgages has reduced fixed rates in light of falling swap rates following President Trump’s “liberation day” tariff announcements.
In the immediate aftermath of President Trump’s announcements on 2 April, the five-year swap dropped from 4.126% to 4.036%.
For MPowered Mortgages’ new purchase customers, two-year fixed rates start from 4.05% at 60% loan to value (LTV) with a £999 fee and 4.29% with no fee.
Three-year fixed rates begin at 4.04% at 60% LTV with a £999 fee or 4.28% with no fee. MPowered Mortgages’ rate changes will take effect from 8 April.
Stuart Cheetham, CEO of MPowered Mortgages, said: “Since Trump announced the ‘Liberation Day’ tariffs, we have seen a sharp fall in the swap rates, which has enabled us to reduce our fixed rate mortgage rates.
“Whilst these tariffs could have a detrimental impact on the UK economy, with increased prices putting extra strain on UK households, there is a silver lining for mortgage borrowers who will see rates come down over the coming week. As always, borrowers should seek independent financial advice before deciding on a mortgage deal.”
