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Molo brings out non-resident BTL mortgages

  • 25/10/2023
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Molo brings out non-resident BTL mortgages
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.”


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