Molo has reduced pricing across its UK resident buy-to-let mortgage range, cutting rates on both its standard and specialist products.

The specialist mortgage lender has lowered fixed rates by up to 10 basis points on its standard buy-to-let range and by five basis points across its specialist products.

The changes apply to UK resident borrowers only, with pricing for non-UK residents and expat landlords unchanged.

Following the reductions, standard buy-to-let two-year fixed rates now start from 2.44%, available to individual borrowers and limited companies at 75% loan-to-value.

Five-year fixed rates on the standard range begin at 4.24%.

Specialist products, including houses in multiple occupation, portfolio landlords, new build properties and holiday lets, now start from 2.70% for two-year fixed rates and 4.49% for five-year fixed deals.

Molo confirmed there is no pricing premium for larger properties with six or more rooms or units.

Rates for non-UK resident borrowers and expat landlords remain unchanged, starting from 5.84% and 4.75% respectively.

Martin Sims, distribution director at Molo, said: “As rates settle, we intend to maintain a competitive stance.

“These cuts are intended to demonstrate our commitment to remain responsive to ever changing market conditions.

“Our simple aim is to make it easier for intermediaries to place client business.”