The specialist lender said the reductions on its UK resident BTL fixed rates are up to 36 basis points (bps).
Its standard BTL rates begin from 2.98% on two-year fixes at 55% loan to value (LTV), available for both individuals and limited companies. Meanwhile, its five-year fixes begin from 4.73%.
In addition, Molo’s specialist product rates for houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFBs), holiday lets and new builds start at 3.14% for a two-year fixed rate and 4.89% for a five-year fixed rate. The firm noted that there is no rate premium for larger properties, including HMOs with five-plus rooms or units.
Following the changes, the firm’s non-UK resident and expat pricing begins from 4.78%.
Martin Sims (pictured), distribution director at Molo, said: “In the current market, competitive pricing remains central to helping brokers deliver workable buy-to-let solutions.
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“These reductions strengthen our proposition across both standard and specialist ranges, giving brokers more scope to deliver solutions that work on affordability and long-term yield for UK, overseas and expat landlord clients.”
Earlier this year, the firm partnered with OMS Originations, the cloud-based lending origination platform.
