Notable reductions for individual buy-to-let (BTL) products include the lender’s 65% loan-to-value (LTV) 2-year fix, reduced to 2.24%, and the 75% LTV 2-year fix, down to 2.39%.

The 65% LTV 5-year fix has been cut to 2.29% and the 75% LTV 5-year fix has been reduced to 2.44%.

Limited company BTL price reductions include the 65% LTV 2-year fix cut to 2.90%, the 75% LTV 2-year fix to 2.95%, the 65% LTV 5-year fix to 3.10% and the 75% LTV 5-year fix reduced to 3.15%.

Francesca Carlesi, chief executive of Molo, said: “The mortgage market has never been so competitive.

“Lowering our prices gives landlords excellent options, whether they’re purchasing a property as an individual or a limited company.

“Our new rates, combined with an entirely digital approach for getting a mortgage, give investors more flexibility and allow them to go through the borrowing process at speed while saving money with Molo.”