Saffron for Intermediaries has reduced rates across its owner occupied range.

The new rates include a 80% loan-to-value (LTV) two-year fixed owner occupied product which has been cut by 0.20% to 5.17% and a 80% LTV five-year fixed owner occupied product which has been lowered by 0.20% to 4.77%.

In addition, the lender has cut the 85% LTV two-year fixed rate owner occupied product by 0.20% to 5.27% and the 90% LTV two-year fixed rate owner occupied product by 0.20% to 5.37%.

The products also come with a product fee of £999 and free valuations.

Saffron for Intermediaries head of business development Tony Hall says: “We’re always keeping a close eye on the market, and despite no movement from the Bank of England on the base rate last week, we’re still pleased to be in a position to make these cuts across our Owner Occupied range.”

Elsewhere, Molo Finance has made reductions of 15 basis points on its houses of multiple occupation (HMO) and multi-unit freehold block (MUFB) buy-to-let (BTL) mortgage rates.

Two-year fixed rates for HMO and MUFB products now start at 3.23%, while five-year fixed rates start from 4.83%.

For larger HMO or MUFBs with six or more rooms/units, there is no premium.

Other specialist BTL products, including investor-led, holiday-lets and new-build properties, remain unchanged, with rates from 3.48%.

Standard BTL rates for UK residents begin at 3.13% for both individuals and limited companies.

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

Molo distribution director Martin Sims states: “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.”