Molo Finance has cut its two-year fixed-rate loan prices on UK resident buy-to-let products by 10 basis points to start at 3.03%.
The specialist lender adds that five-year landlord fixes have also been reduced by 14bps to 4.59%, with both terms available for individuals and limited companies.
It adds: “These cuts provide greater affordability for both new and experienced landlords, whether they’re entering the market, expanding their portfolios, or refinancing existing investments.”
However, the firm adds that five-year fixes for new build and holiday let properties, have increased by 10bps, to start from 5.08%.
Houses in multiple occupation and multi-unit freehold blocks prices remain unchanged, starting at 3.23%, with no premium for larger properties – beginning at six rooms, or units.
Rates for non-UK residents and expats “remain steady” starting at 5.99% and 5.24%, respectively.
Molo distribution director Martin Sims says: “These latest reductions sharpen our pricing, providing landlords with the tools they need to secure better affordability, confidently grow their portfolios and maximise returns.”
