Molo Finance returns to the buy-to-let market and has added several new products to its range.   

The platform says its fixed-rate mortgages start from 6.69% on 65% loan to value for individual buyers, and 6.99% on 65% LTV for limited companies, for up to five years.  

Variable rate and tracker offers start from 4.39% on 65% LTV for individual buyers, and 4.69% on 65% LTV for limited companies, with rates linked to bank base rate.  

The firm says these “products are aimed at landlords who want to keep monthly costs down in the short term compared to a fixed-rate option.”  

It adds that these loans also “help landlords who struggle to refinance to a fixed rate due to tighter affordability conditions in the market, as it allows them to switch to a lower rate than a standard variable rate in the short term”.  

The business says its new investor-led, holiday let, and new build loans allow landlords to invest in properties starting at 4.69% on a two-year or five-year tracker at 6.99% for a five-year fix.  

It adds that all of its products now come with offset and redraw options, which gives BTL owners the chance “to minimise the cost of their mortgage in the current environment”.  

The move by the firm comes as more than a thousand products have been pulled over the last few weeks as lenders work out how to reprice loans as the cost of debt for the government and companies has risen on international money markets, following Chancellor Kwasi Kwarteng’s tax-cutting mini-Budget late last month.         

Molo Finance chief executive and co-founder Francesca Carlesi says: “We have launched a new product range, designed for new market conditions, which is also able to support a larger number of landlords realise their property investment. Especially in a volatile market like today, property remains one of the most stable and safe asset classes.”