You will be aware that the Bank of England has raised the base interest rate for the thirteenth consecutive time by 0.50bps to 5.0%. After evaluating the current market conditions, we’ve decided to adjust our pricing range in response to external economic factors.
Key Highlights:
New Rates effective from Tuesday 4th July
- Reductions across all 2-year fixed-rate products
- Individuals and limited company standard 2-year fixed rates start from 6.49% and 6.59% on 5-year fixed-rates
- Individuals and limited company specialist (including Large HMO & MUFB) 2-year fixed rates start from 6.69% and 6.79% on 5-year fixed-rates
- Existing product range will be withdrawn by midnight Monday 3rd July 2023. Applications need to be submitted in full before the close of business, 5pm.
Our full range will be available to view in our product guide from 4th July 2023.
Our commitment to customer service
In this era of continuous market unpredictability, borrowers find themselves navigating a landscape filled with challenges and uncertainty.
At Molo, our unwavering dedication is to continuously monitor volatile market dynamics and tailor our product lineup to benefit customers amidst current market unpredictability. Rest assured, we are working hard in the background to assess the situation and create a fit-for-purpose product range that gives you the best outcome in the turbulent market.
If you have any questions, please don’t hesitate to get in touch with us by email at brokersupport@molofinance.com