Molo, LendInvest reduce UK mortgage rates

Molo has announced reductions of up to 20 basis points on its UK resident buy-to-let (BTL) mortgage products, with two-year fixed rates now starting at 2.83% and five-year fixed rates from 4.54%, available to both individual and limited company borrowers. Rates for specialist BTL products, including house in multiple occupation (HMO) and multi-unit freehold block (MUFB) mortgages, remain unchanged, as do rates for non-UK residents and expats. Concurrently, LendInvest has cut rates on all two-year fixed term residential mortgages by up to 15 basis points and on five-year products by 10 basis points, following a recent overhaul of its credit criteria to accommodate borrowers with various adverse credit histories. Both lenders emphasize their focus on affordability and flexibility in response to evolving market conditions, aiming to support brokers and a broader range of clients in purchasing or remortgaging homes. Molo's and LendInvest's rate cuts are intended to help brokers find suitable solutions for their clients amid shifting economic environments. The changes are designed to ensure greater access to competitive mortgage products for a diverse set of borrowers.