Molo Reduces HMO and MUFB Mortgage Rates by 0.15%

Molo Finance, a specialist mortgage lender, has announced a notable reduction of 0.15% on its Houses in Multiple Occupation (HMO) and Multi-Unit Freehold Block (MUFB) buy-to-let mortgage rates for UK residents. This move aims to enhance affordability and support landlords operating in the specialist buy-to-let sector.

Following these adjustments, Molo's two-year fixed rates for HMO and MUFB products now start from a competitive 3.23%. For those seeking longer-term stability, five-year fixed rates for these property types are now available from 4.83%.

Key Benefits

A significant benefit highlighted by Molo is that there is no premium applied for larger HMOs or MUFBs with six or more rooms or units. This ensures consistent pricing for investors looking to scale their portfolios, simplifying financial planning for larger-scale projects.

Martin Sims, Distribution Director at Molo, commented on the rate cuts: "Specialist landlords play a pivotal role in the rental market, and they demand competitive finance solutions. By reducing HMO and MUFB rates, we are helping intermediaries reduce costs, scale faster, and secure long-term growth for their clients, in this evolving market."

Eligibility Criteria

While these changes specifically target HMO and MUFB rates for UK residents, other specialist buy-to-let products, including investor-led, holiday-let, and new-build properties, maintain their existing pricing from 3.48% for two-year fixed rates. Standard buy-to-let rates for UK residents continue to start from 3.13% for both individuals and limited companies.

Application Process