Building on the success of their non-resident buy-to-let mortgages introduced in October 2023, Molo is extending its product offering to include Expat buy-to-let mortgages, providing financing for individuals residing and working overseas in Hong
Kong, Singapore, UAE, the European Union, and a wide range of other countries.

The new Expat buy-to-let mortgage introduces a 1-year fixed product available from 4.99%, along with 2 and 5-year fixed-rate products from 6.24%. Applications can be assessed using both rental coverage and income, with lending available for both property purchase and remortgage transactions in England and Wales up to 80% LTV.

Alongside the launch of Expat buy-to-let mortgages, Molo has adjusted its rates for both UK-resident and non-UK resident products.

For UK residents:

• Individual and limited company 2 year fixed-rates start from 4.55% for 75% LTV
• Individual and limited company 5-year fixed-rates start at 5.44% for 75% LTV

For Non-UK residents:

• Individual and limited company standard 1-year fixed-rates start from 5.99% for 70% LTV
• Individual and limited company standard 2 and 5-year fixed-rates start from 7.74% for 70% LTV

Matthew Kimber, Chief Executive Officer of Molo says “Our commitment to innovation and meeting the diverse needs of our clients is at the core of our mission. Since the introduction of our non-resident buy-to-let range, we’ve received positive feedback from the broker community, reflecting a strong interest in expat lending. The launch of expat buy-to-let mortgages demonstrates our dedication to helping our customers”.

Molo’s complete range of mortgage products will be accessible in our Resident, Non-Resident and Expat product guides, available for viewing from 23rd February 2024.