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

Two-year fixed rates for individual and limited company borrowers now start from 3.24%, available at a 75% loan-to-value (LTV), with 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%, with five-year fixed rates from 4.69%.

Martin Sims, Molo’s distribution director, said: “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.”