As part of its rate cuts of up to 0.2% due to changing market conditions, the pricing of Molo’s five-year fixes now starts from 4.54%.
These products are available to individual and limited company borrowers.
Rates for its specialist BTL products remain unchanged, including its house in multiple occupation (HMO) and multi-unit freehold block (MUFB) mortgages, which start at 3.23% with no premium for larger properties with six or more rooms or units.
Rates for new-build, investor-led and holiday let products begin at 3.38%.
Pricing for non-UK residents and expat borrowers also remains the same, at 5.99% and 5.24% respectively.
Welcome to the future: how collaboration is driving the shift to digital home buying
Sponsored by Halifax Intermediaries
Martin Sims, distribution director at Molo, said: “As the market shifts, brokers need lenders who act quickly and stay focused on affordability.
“At Molo, we’re doing just that – offering consistently competitive pricing and helping brokers find solutions that work for their clients today and in the long term.”
This is the second time this month that Molo has lowered its BTL rates.
