Molo launches expat buy-to-let range

Molo Finance has launched a range of expat buy-to-let mortgages for British nationals residing abroad, with rates starting from 4.99%.

Following the launch of Molo's non-resident buy-to-let mortgages introduced in October 2023, the lender is extending its product offering to include expat buy-to-let mortgages, providing financing for individuals residing and working overseas in over 70 countries including Hong Kong, Singapore, UAE, the European Union, and a wide range of other countries.

The new expat buy-to-let mortgage introduces a one-year fixed product available from 4.99%, along with two and five-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 two-year fixed rates now start from 4.55% at 75% LTV while five-year fixes start from 5.44%.

For non-UK residents, one-year fixed rates at 70% LTV start at 5.99% and two and five-year fixed rates are available from 7.74%.

Matthew Kimber, chief executive officer of Molo, said: “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.”