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Molo buy-to-let mortgage rates up by 0.33%

Molo Finance now offers buy-to-let rates from 4.72% for a 2-year fixed rate mortgage to 75% LTV, following a series of rate cuts.

Its 5-year fixes meanwhile start from 5.21%.

The lender charges 0.10% more for those taking out mortgages on Houses of Multiple Occupation (HMO) and Multi-Unit Freehold Blocks (MUFB), as well as holiday lets and new build properties.

80% LTV products across both the standard and specialist range also incur a 0.10% premium.

Mark Michaelides, Molo’s chief commercial officer, said: “Following our successful debut securitisation earlier this month, we are delighted to announce rate reductions across our UK resident BTL fixed-rate proposition, providing landlords with different fee options to suit their financing needs across a range of flexible products.”