Specialist mortgage lender Molo has reduced pricing across its UK resident buy-to-let product range, with rate cuts of up to 0.05% on standard buy-to-let mortgages and up to 0.10% on houses in multiple occupation (HMO) and multi-unit freehold block (MUFB) products.
The changes take effect immediately and follow the lender’s launch of a semi-commercial mortgage range last month. Molo’s UK resident buy-to-let rates now start from 3.05% for a 2-year fixed product at 75% loan-to-value (LTV), available to both individual and limited company borrowers. Five-year fixed rates start from 4.75%.
Across the lender’s specialist property range, pricing for HMO and MUFB mortgages has also been reduced. Two-year fixed rates now start from 3.16%, while 5-year fixed rates begin at 4.84%. Molo said there remains no pricing premium for larger properties with six or more rooms or units.
Rates for non-UK resident and expatriate borrowers remain unchanged, with products starting from 4.78% and 4.58% respectively.
Martin Sims, distribution director at Molo, said: “As market conditions continue to shift, maintaining competitive pricing is key. These latest reductions ensure we remain well-positioned to support brokers and their landlord clients across a broad spectrum of buy-to-let needs, from straightforward cases to more complex property types.”
Molo said the latest pricing changes reflect its focus on supporting brokers and landlords with competitive funding options as conditions in the buy-to-let market continue to evolve.