Specialist lender Molo Finance has launched buy-to-let mortgages for non-UK residents, which it said will unlock “investment opportunities” for borrowers from around the world to secure buy-to-let mortgages in England and Wales.
The launch follows a successful pilot with a select few broker firms in the UK and Asia, and the offering will now be available to all authorised broker partners.
The proposition is open to non-UK resident buyers in China, Hong Kong and Singapore, with no requirement for a UK bank account.
Each mortgage comes with a Molo savings booster, which is a linked overpayment account strategically designed to lower monthly payments.
The range includes five-year tracker rates at 6.99 per cent and two and five-year fixed rate products priced from 7.99 per cent. Lending is available up to 75 per cent loan to value (LTV).
The lender has also teamed up with AAA Financial Corporation, which has over 27 years of experience in international lending to support Molo in growing its lending offering.
Francesca Carlesi (pictured), CEO and co-founder of Molo, said: “The UK property market continues to remain an appealing investment choice for global investors. Molo is delighted to be able to provide non-residents with access to competitive and flexible financing options through our innovative product range.
“The introduction of our new non-resident buy-to-let product is a testament to our unwavering dedication to expanding possibilities and providing a seamless mortgage experience for all.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
