Molo reduces non-UK resident rates by 0.30%

Molo has reduced rates across its non-UK resident buy-to-let range by 30bps.

Two-year fixed rates now start at 7.44%, with five-year fixed rates from 7.24%. Rates are open to both individuals and limited companies, including borrowers residing in over 100 countries. 

Applications can be assessed using either projected rental income or the borrower’s personal income. Lending is available for both purchase and remortgage, up to 85% LTV, on properties in England and Wales. 

The non-UK resident range also includes lending for specialist cases such as HMOs, MUFBs, and new builds. Borrowers can benefit from Molo’s overpayment reserve account (ORA), which reduces interest charged on the loan. 

Rates for UK residents remain unchanged, starting from 2.83%, while expat buy-to-let rates start from 5.24%. 

Molo’s distribution director, Martin Sims, commented: “We understand the unique challenges faced by intermediaries working with international landlords – from shifting economic conditions to assisting the safe navigation of UK regulations. Our latest rate reductions sharpen our non-resident pricing, offering greater affordability and flexible options to assist overseas investors looking to access or grow their presence in the UK buy-to-let market.”