Molo Finance has announced a reduction in fixed mortgage rates, impacting both standard and specialist buy-to-let options.
- Rates for 2-year fixed mortgage products now start from 3.24% at 75% loan-to-value for both individual and limited company borrowers.
- 5-year fixed rate products have seen reductions, now available from 4.59% under similar conditions.
- Specialist buy-to-let products, including multi-unit freehold blocks and holiday lets, also enjoy rate cuts starting at 3.39% for 2-year rates.
- The rate reductions are aimed at supporting intermediary partners and clients ahead of the upcoming Budget.
Molo Finance has taken decisive action to reduce fixed mortgage rates by up to 0.25%, a move that is poised to benefit both individual and limited company borrowers within the UK for both standard and buy-to-let markets. This reduction applies to 2-year fixed rate mortgages with starting rates as low as 3.24%, available at a 75% loan-to-value ratio, potentially offering significant savings to borrowers.
Additionally, Molo’s 5-year fixed rate mortgages are now accessible from 4.59%, maintaining the same loan-to-value conditions. These rate adjustments reflect a strategic intent to offer competitive pricing, especially in a time when economic conditions are shifting and financial decision-makers are seeking stability and predictability in their mortgage payments.
In an effort to extend these benefits across various segments of the buy-to-let market, Molo Finance has included specialist products in this rate reduction initiative. Products such as multi-unit freehold blocks (MUFBs), houses of multiple occupation (HMO), and holiday lets now offer 2-year fixed rates from 3.39%, with 5-year options available from 4.69%, thereby enhancing affordability for more complex property ventures.
Martin Sims from Molo Finance acknowledges the strategic implications of these reductions, explicitly noting, “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.” His remarks underscore the company’s proactive approach to align financial products with market needs.
These strategic rate cuts by Molo Finance appear timely, arriving at a juncture when borrowers are increasingly concerned about the economic landscape and are looking for mortgage solutions that offer both security and cost-efficiency.
Molo Finance’s reduced rates signify a strategic move to enhance market competitiveness and support their partners and clients in an evolving economic climate.
