Molo Finance has made rate cuts for two- and five-year fixed rate products within its UK resident product range, across both standard and specialist buy-to-let (BTL) options.

Five-year fixed products have seen rate reductions of 25 basis points and two-year fixed products have seen cuts of 10bps.

The lender’s two-year fixed rate for individual and limited company borrowers at 75% loan-to-value (LTV) will be available from 3.24%, while a five-year fixed equivalent product available from 4.59%.

Specialist products, including multi-unit freehold blocks (MUFBs), houses of multiple occupation (HMO), holiday lets, and new-build properties, have also seen rate reductions.

Two-year fixed rates for these products now start from 3.39%, while five-year fixed rates from 4.69%.

Molo distribution director Martin Sims says: “We’re pleased to announce rate reductions across our UK resident fixed-rate range today as we seek to continue to support our intermediary partners and their clients with competitive pricing ahead of next week’s Budget.”