Molo Finance has announced reductions to its buy-to-let (BTL) mortgage rates for UK residents, expats and non-UK residents, with cuts of up to 25 basis points (bps).

Molo’s new rates for UK residents see two-year fixed buy-to-let rates starting from 4.35% for individual and limited company borrowers at a 75% loan-to-value (LTV), while five-year fixed rates start at 4.96%

Specialist property products including multi-unit freehold blocks (MUFB), houses of multiple occupation (HMO), holiday lets and investor-led properties, also see reduced rates, from 4.45% for a two-year fixed and 5.06% for a five-year fixed rate.

Expats are also offered reduced rates, with two and five-year fixed BTL products now available from 4.99% for capital and interest mortgages and 5.74% for interest-only mortgages, both at a 70% LTV.

However, for non-UK residents, fixed rates remain unchanged, starting from 5.99% for a one-year fixed and 7.74% for a two-year fixed rate. While tracker rates have been increased with two-year trackers starting from 8.65% and 8.84% for a five-year tracker, both at a 70% LTV.

A £150 application fee applies to all new UK resident applications submitted.

Commenting on the new pricing, Molo’s distribution director, Martin Sims, said: “We are pleased to announce these updated rates across our buy-to-let product range. By offering more competitive rates, we aim to empower intermediaries to secure optimal financing solutions, helping them to meet their client’s needs”