Molo Finance cuts BTL rates for HMO products

Limited company and HMO 5-year fixed rates now start from 2.37% for 75% loan-to-value (LTV).

Molo Finance cuts BTL rates for HMO products

Molo Finance has reduced buy-to-let (BTL) rates by up to 19bps on limited company and house in multiple occupation (HMO) mortgage products.

 

Limited company and HMO 5-year fixed rates now start from 2.37% for 75% loan-to-value (LTV), with 65% LTVs starting from 2.95%.

Francesca Carlesi, chief execuitve of Molo Finance, said: “There is a lot of uncertainty around interest rates at the moment and whether they will be subjected to further increases from the Bank of England.

“By lowering our rates, buy-to-let investors can feel confident about their next purchase and safeguard themselves against potential volatility over the next five years as they look for value in the property market.

“Along with these new rates, borrowers can use Molo’s entirely digital application to save time, energy and money.”

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