Following a recent rate cut in July, Molo has further reduced rates for UK residents to include two-year fixed buy-to-let mortgages starting from 4.15% for individual and limited company borrowers at a 75% loan-to-value (LTV), while five-year fixed rates now begin at 4.79%.

Specialist property products have also seen rate reductions, with two-year fixed rates starting at 4.30% and five-year fixed rates at 4.94%.

This applies to portfolio landlords BTL (PBTL), houses of multiple occupation (HMO), multi-unit freehold blocks (MUFBs), holiday lets, and new-build properties.

Expats can also take advantage of the reduced rates, with two-year and five-year fixed rate products now available from 5.94% for capital and interest mortgages.

The one-year fixed remains at 4.99% whilst tracker rates remain unchanged – all at 70% LTV.

Molo has also reduced rates on the five-year fixed product for non-UK residents, now starting at 7.54% for capital and interest mortgages. Tracker rates remain consistent, with two-year trackers beginning at 8.39% and five-year trackers at 8.59%, both at a 70% LTV.

Commenting on the pricing, Molo’s distribution director, Martin Sims, said: “Our intermediary partners demand consistently competitive rates. These products continue to support brokers whilst they, in turn, provide their clients with compelling funding solutions.”