Molo Finance Cuts Mortgage Rates for Investment PropertiesMolo Finance Cuts Mortgage Rates for Investment Properties In a move to enhance their offerings, Molo Finance has announced a reduction in mortgage rates for investment properties for both UK residents and expats. UK Residents * Two-year fixed rents start from 4.35% (75% LTV) * Five-year fixed rates begin at 4.96% Specialist products also saw reduced rates, with rates starting from 4.45% for a two-year fixed fee and 5.06% for a five-year fixed fee. Expats * Two-year fixed products available from 4.99% (70% LTV) * Five-year fixed products start from 5.74% (70% LTV) Non-UK Residents Fixed rates remain unchanged, starting at 5.99% for a one-year fixed rate and 7.74% for a two-year fixed rate. Other Changes Tracker rates have been increased, with two-year trackers starting at 8.65% and five-year trackers at 8.84% (70% LTV). Quote from Martin Sims, Molo’s Distribution Director “By offering more competitive rates, we aim to enable intermediaries to obtain optimal financing solutions and thus better meet the needs of their customers.” Molo’s updated rates aim to provide more affordable financing options for property investors, both in the UK and abroad.
“By offering more competitive rates, we aim to enable intermediaries to obtain optimal financing solutions and thus better meet the needs of their customers.”
– Molo’s distribution director, Martin Sims
Molo Finance has announced cuts to mortgage rates on investment properties for UK residents and expats, by up to 25 basis points.
Molo’s new rates for UK residents include two-year fixed rents from 4.35% for individuals and companies with a 75% LTV, while five-year fixed rates start at 4.96%.
Reduced rates also apply to specialist property products such as multi-unit freehold blocks (MUFB), multi-occupier homes (HMO), holiday homes and investor-led properties, from 4.45% for a two-year fixed fee to 5.06% for a five-year fixed fee.
Expats can also benefit from reduced rates. Two- and five-year fixed products are now available from 4.99% for interest-only mortgages and 5.74% for interest-only mortgages, both with a 70% LTV.
For non-UK residents, fixed rates remain unchanged, starting at 5.99% for a one-year fixed rate and 7.74% for a two-year fixed rate.
The tracker rates have been increased, with the two-year trackers starting at 8.65% and the five-year trackers at 8.84%, both with an LTV of 70%.
Martin Sims, Molo’s Distribution Director, said: “We are delighted to announce these updated rates across our entire buy-to-let product range. By offering more competitive rates, we aim to enable intermediaries to obtain optimal financing solutions to meet the needs of their customers.”
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