Molo cuts buy-to-let mortgage rates by up to 71bps
23 January 2024
Molo’s buy-to-let fixed rates start from 3.94% for UK residents and 7.54% for non-UK
residents
News Highlights
● Molo announces reductions across its buy-to-let fixed rate products by up to
71bps
● UK resident fixed rates start from 3.94% for a two-year fixed mortgage for both
individuals and limited companies
● Specialist product rates start from 4.04% for a two-year fixed rate, available for
HMOs, MUFBs, holiday lets, and new build properties
● Non-UK resident fixed rates start from 7.54% for capital and interest mortgages
and 8.29% for interest-only mortgages
Tuesday, 23rd January 2024: Molo Finance, the UK’s first fully digital mortgage lending
platform, has announced reductions in its buy-to-let fixed-rate products, by up to 71
bps.
Molo’s buy-to-let rates start from 3.94% for a two-year fixed for both individual and
limited companies at 75% Loan-to-Value (LTV), while the five-year fixed rates commence
at 5.19%.
Specialist product rates start from 4.04% for a two-year fixed term and 5.29% for a
five-year fixed, serving Houses of Multiple Occupation (HMO) and Multi-Unit Freehold
Blocks (MUFB) up to 12 lettable rooms and units, as well as holiday lets and new build
properties
As part of Molo’s non-UK resident proposition, two and five-year fixed rates for both
individuals and limited company applicants now start from 7.54% for capital and
interest mortgages and 8.29% for interest-only mortgages.
Molo’s complete range of mortgage products will be accessible in our Resident and
Non-Resident product guides, available for viewing on our website from 23rd January
2024.
Commenting on the pricing, Molo’s VP of Strategy Mark Michaelides says, “With the
swap rate trending lower and mortgage market stabilising as we start 2024, we are delighted
Press Release to announce today a comprehensive reduction across our buy-to-let fixed rate proposition for both UK resident and non-UK resident borrowers looking to purchase or remortgage”.
For full details on our product range, download the product guide from our website.
