More specialist buy to let lenders have rolled out competitive rate reductions and innovative legal solutions to bolster the BTL sector.
Molo, a lender catering to both UK and international property investors, has cut rates on its UK resident BTL products by up to 49 basis points.
Two-year fixed rates for standard properties now start at 2.74%, while five-year options begin at 4.39%, available to both individual and limited company borrowers.
Specialist products, such as those for new builds, houses in multiple occupation (HMO), and multi-unit freehold blocks (MUFB), carry just a 15bps premium, with two-year rates from 2.89%.
New build and holiday let products have seen the largest cuts, making them more accessible for investors diversifying their portfolios.
The lender’s distribution director, Martin Sims, said: “We are committed to providing intermediaries with product offerings that help landlords stay competitive and agile in today’s fast-moving market.
“By reducing rates and maintaining simplicity across our specialist products, we are giving brokers more flexibility and landlords greater access to sustainable, affordable solutions, whether they are investing in a single property or growing complex portfolio.”
Best value BTL deals
Meanwhile, HSBC has also made waves in the buy to let sector, securing a top spot for best value BTL deals with its five-year fixed rate mortgage at 3.84% for properties up to 75% loan-to-value, fixed until 30 September 2030.
Caitlyn Eastell, a spokesperson at Moneyfactscompare.co.uk, said: “HSBC has refreshed its buy to let mortgage range with reductions across most of its products.
“Landlords should note that the deal comes with a large £3,999 product fee which is partially offset by a free valuation incentive.
“This cut is enough to see it take a position at the top of its sector and overall, this product earns an Outstanding Moneyfacts product rating.”
Interbay’s new legal process
InterBay, a specialist commercial lender under OSB Group banner, has introduced joint representation to its legal processes, aiming to accelerate case completions for brokers.
By allowing the same solicitor to represent both parties, the process reduces paperwork and enhances efficiency, it says.
InterBay has also updated its conveyancer panel to ensure expertise aligns with the new system.
The firm’s head of commercial lending, Marc Callaghan, said: “Not only will these changes speed up the conveyancing process, but we’ve updated our panel to reflect the in-depth knowledge and expertise needed to successfully support the new process.”
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