Molo Finance has introduced a third tier of product fees across its UK resident products.

The lender has added a 2.99% two-year fixed rate for individual and limited company borrowers, available at a 75% loan-to-value (LTV).

For longer-term options, Molo is offering five-year fixed rates starting from 4.49%.

Molo has also lowered rates on specialist products, including multi-unit freehold blocks, houses of multiple occupation, holiday lets and new-build properties.

Two-year fixed rates for these products will start from 4.14%, with five-year fixes starting from 4.59%.

Molo distribution director Martin Sims says: “In response to ongoing shifts in the mortgage market, we’re pleased to offer reduced rates on our two-year fixed range, starting from 2.99%. We anticipate this will help brokers deliver even greater value to their clients looking for shorter-term fixed options in the face of a reducing rate environment.”