In a broker note sent last week, Molo said that it would withdraw its existing product range at midnight last Friday, with a repriced range available from today.

The lender’s individual and limited company standard buy-to-let deals at 65 per cent loan to value (LTV) start at 7.19 per cent for a two-year fixed rate.

In its multi-unit freehold block, houses in multiple occupation, holiday let, new build and investor-led range, rates start from 7.39 per cent at 65 per cent LTV for a two-year fixed rate.

Molo said that it would cut two-year tracker products by one per cent and all variable rates would be standardised at the base rate of 5 per cent plus 2.49 per cent.

The lender added that it would increase its tracker and variable products fees to three per cent.

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