Molo Finance has launch non-resident buy-to-let mortgages, presenting investment opportunities for international borrowers from around the world to secure a buy-to-let mortgage in England and Wales.
Following a pilot with a select number of broker firms in the UK and Asia, Molo is launching its non-resident buy-to-let mortgage offering to all authorised broker partners.
The non-resident buy-to-let product range provides lending solutions to non-resident buyers of UK property, including those based in China, Hong Kong and Singapore, with no requirement for a UK bank account. Each mortgage package comes inclusive with Molo’s Savings Booster, a linked overpayment account strategically designed to reduce monthly payments.
The range includes five-year tracker rates from 6.99% and two and five-year fixed rate products from 7.99%, with lending available up to 75% loan-to-value (LTV). Molo also offers a five-year switch product, allowing borrowers to transition from fixed to tracker rates, capitalising on potential Bank of England rate reductions.
Lending is available for first-time buyers and first-time landlords for both capital and interest and interest-only mortgages, catering to individuals and limited companies across a range of specialist products, including new builds, investor-led, holiday let, Houses of Multiple Occupation (HMO), and Multi-unit Freehold Blocks (MUFB).
Francesca Carlesi, 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.”