Molo Finance has made further rate cuts to its UK resident buy to let fixed-rate products.

The lender’s BTL rates now start from 4.55% for a two-year fixed for both individual and limited companies up to 75% loan to value, which is a 0.17% reduction.

Its five-year fixed rates for the standard range begin at 5.06%, equating to a 0.15% reduction.

Product rates for HMOs, multi-unit freehold blocks, new builds and investor-led properties now start from 4.65% for a two-year fixed product and 5.16% for a five-year fixed.

Meanwhile Fleet Mortgages has introduced a series of rate cuts and launched two five-year, 75% LTV fixes for both standard and limited company landlord borrowers.

The lender made a 0.20% reduction to its standard 75% LTV five-year fix for individual landlord borrowers, with a new rate of 5.14% from 5.34%, plus a 0.35% reduction for the same product for limited company borrowers, also now available at a rate of 5.14%, down from 5.49%.

Both products come with a 3% fee, at a minimum of £750.

The two products are available at 75% LTV for both standard and limited company borrowers, and priced at 5.69% and come with a fixed fee of £3,999.

The maximum loan available is £500,000, and the end date for the products is 31st October 2029.

Both products come with a rental calculation of 125% at 5.69% for basic tax payers and 145% at 5.69% for higher rate tax payers.

Free valuations are available for properties valued up to £500,000, and are discounted for values above this.

Earlier this week Barclays and HSBC slashed their rates on a number of deals, with analysts saying this would likely trigger a new round of rate reductions, despite the Bank of England keeping base rate at 5.25% for the eighth time in a row. The analysts say Swap rates, which dictate pricing for mortgage lenders, have fallen recently, so will have led to Barclays’ decision.