Molo Finance have announced a product update. Contact our team for more information. If you would like further information directly from Molo Finance, visit their intermediary site here.
Molo Finance reduces five-year fixes with rates starting from 5.69%
Molo reduces its 75% LTV five-year fixed rate products by 0.7% for individuals and by 1% for
limited companies
News Highlights
● Molo reduces its 75% LTV five-year fixed rate products by 0.7% for individuals and by
1% for limited companies
● Tracker and variable rates remain unchanged, starting at 5.49%
● Five-year fixed rates for HMO, Holiday Let, New Build and Investor Led mortgages
start at 5.99% on products up to 75% LTV.
Tuesday, 17
th January 2023: Molo Finance, the UK’s first fully digital native mortgage
lender, has reduced its 75% LTV five-year fixed rates by 0.7% for individuals and by 1% for
limited companies mortgages.
● Five-year fixed-rate mortgages starting from 5.69% across individual buyers and
limited company products up to 75% LTV. These rates are available for all applicants,
including first-time landlords and portfolio landlords
● Tracker and variable rate mortgages remain at 5.49% for individual buyers and
limited company on products up to 75% LTV, with rates linked to the Bank of England
(BoE) base rate
The digital lender replaces its five-year fixes with new products featuring lower rates across
individual and limited company buy-to-let products. These products are available for
first-time landlords and portfolio landlords (up to 20 mortgaged buy-to-let properties) on
products up to 80% LTV.
Molo’s competitive five-year fixes come at a time when interest rates are higher than
landlords have seen in previous years and are positive news for property investors looking
for their next buy-to-let opportunity or remortgaging an existing property.