Molo Finance has announced further reductions across its buy-to-let range, lowering its UK resident two and five-year fixed rates by 12 basis points.

Two-year fixed rates for standard buy-to-let products now start at 3.13% for individual and limited company borrowers and five-year rates start from 4.73%.

For specialist buy-to-let products, including HMO, MUFBs, investor-led and new-build properties, rates now start at 3.38% for two-year fixed rates and 4.98% on five-year fixes. 

Rates for non-UK residents remain unchanged, starting from 5.99%, while expat rates start from 5.24%. 

The latest cuts follow reductions of up to 0.20% across Molo’s UK resident buy-to-let range earlier this month.

Molo’s distribution director, Martin Sims, commented: “We appreciate how important it is for brokers to access competitive and stable financing for their clients. This latest rate reduction reinforces our commitment to remain competitive and demonstrates a prompt response to the improving market conditions.”