Molo Finance has cut rates across its 2 and 5-year mortgage products for both individual and limited company mortgages.

The UK’s first online mortgage lender aims to remove friction for property investors navigating the market. These pricing changes come at a time when the online lender is preparing to launch its residential mortgage products to first-time buyers and home movers.

The new rates include:

Individual buy-to-let price reductions

2-year fixed rate

●      2-year fixed-rate at 2.24%, with a 65% LTV

●      2-year fixed-rate at 2.39%, with a 75% LTV

5-year fixed rate

●      5-year fixed-rate at 2.29%, with a 65% LTV

●      5-year fixed-rate at 2.44%, with a 75% LTV

Along with the individual price drops, investors looking to purchase their next buy-to-let investment with a limited company will also benefit from a reduction in prices:

Limited company buy-to-let price reductions

2-year fixed-rate

●      2-year fixed-rate at 2.90% with a 65 LTV

●      2-year fixed-rate at 2.95%, with a 75% LTV

5-year fixed-rate

●      5-year fixed-rate at 3.10%, with a 65% LTV

●      5-year fixed-rate at 3.15%, with a 75% LTV

Molo CEO Francesca Carlesi said, “The mortgage market has never been so competitive. Lowering our prices gives landlords excellent options, whether they’re purchasing a property as an individual or a limited company.

“Our new rates, combined with an entirely digital approach for getting a mortgage, give investors more flexibility and allow them to go through the borrowing process at speed while saving money with Molo.”