Molo Finance has announced an up to 80bps reduction in pricing across its fixed-rate product range.

The new rates are effective from 29 November. Rate reductions for Resident buy-to-let include:

• Individual and limited company standard rates start from 4.65% (two-year fixed) and 5.75% (five-year fixed)
• Individual and limited company specialist rates (including Large HMO & MUFB, holiday lets, and new builds) start from 4.75% (two-year fixed) and 5.85% (five-year fixed)
• Lending available up to 80% loan-to-value (LTV) with affordability assessment available if rental is not sufficient

Rate reductions for Non-Resident buy-to-let include:

• Individual and limited company two and five-year fixed-rates start from 7.99% for capital and interest mortgages and 8.74% for interest only mortgages, alongside a 100bps reduction in product fee at 1.50%
• Lending is available up to 75% LTV with affordability assessment available on loans up to 70% LTV if rental is not sufficient

Five-year switch” product rates start from 6.24%, allowing borrowers to transition from fixed to tracker rates at any time during the term of the loan, capitalising on potential Bank of England rate reductions.