The lender said that the products would be good for clients looking for “flexibility” and could manage “potential rate fluctuations”.
The deals are available on two-year terms, with residential products available for new business, product transfer, further advance, remortgage and first-time buyer ranges.
Its buy-to-let products are available for new business, product transfer, further advance and remortgage, including portfolio landlords.
Its residential base rate tracker is the base rate plus 0.4 per cent at 65 per cent loan to value (LTV) and has a £999 fee.
On the buy-to-let side pricing is the base rate plus 0.6 per cent at 65 per cent LTV with £1,999 fee.
The products come with no early repayment charges.
Molo reprices buy-to-let range
Molo has made rate increases across all its fixed rate products, with the changes coming into force from Saturday.
According to a broker note, standard two-year fixed-rates for individuals and limited company start from 7.19 per cent and 7.29 per cent on five-year fixed-rates
Two-year fixed rates for individuals and limited company specialist products, including large house in multiple occupation and multi-unit freehold block begin at 7.39 per cent and 7.49 per cent for five-year fixed rates.
Molo said: “We fully acknowledge that rate increases within a brief time span make it difficult and challenging for borrowers. Regrettably, the unpredictable market trends have led us to make these tough decisions.
“Our intention remains to offer a competitive product line up, even amidst the volatility of the current landscape.”
A spokesperson at Molo said: “Due to rising interest rates, we have had no choice but to reprice our buy-to-let product range.
“While we appreciate the current landscape of rising rates is daunting, we remain fully transparent and committed to working closely with borrowers to better understand their individual circumstances.
“Molo will continue to support buy-to-let customers by leveraging the power of technology to provide simple, fast and fair lending solutions.”
