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

The tier offers borrowers a wider range of rate and product fee combinations across both standard and specialist buy-to-let options.

Molo now provides a 2.99% two-year fixed rate for individual and limited company borrowers, available at a 75% loan to value (LTV).

Meanwhile, five-year fixed rates now start from 4.49%.

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 4.14%, with five-year
fixed rates from 4.59%.

Martin Sims, Molo’s distribution director, said: “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. These changes reflect continued commitment to our intermediary partners and in support of them offering the most competitive solutions to property investors.”