Molo Finance, the UK’s first fully digital mortgage lender, has announced rate cuts for both two and five-year fixed rate products within its UK resident product range, across both standard and specialist buy-to-let options.
Effective immediately, Molo’s intermediary partners can secure a two-year fixed rate for individual and limited company borrowers from 3.24%, available at a 75% loan-to-value (LTV), with a five-year fixed equivalent product available from 4.59%.
Specialist products, including multi-unit freehold blocks (MUFBs), houses of multiple occupation (HMO), holiday lets, and new-build properties, have also seen rate reductions. Two-year fixed rates for these products now start from 3.39%, with five-year fixed rates from 4.69%.
Molo’s full range of mortgage products is accessible in our UK Resident, Expat, and non-UK Resident product guides.
Commenting on the pricing, Molo’s Distribution Director, Martin Sims, adds, “We’re pleased to announce rate reductions across our UK resident fixed-rate range today as we seek to continue to support our intermediary partners and their clients with competitive pricing ahead of next week’s Budget.”
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