Two digital businesses serving the UK buy-to-let (BTL) market, GetGround and Molo, are strengthening their recently announced partnership with an exclusive mortgage rate deal that gives GetGround customers access to the #1 limited company BTL mortgage in the current UK BTL market.
From today, Molo will offer 5-year fixed rate mortgages to approved GetGround customers at rates starting from 3.1%. Customers can access 65% LTV products at 3.1%, rising to 3.15% for 75% LTV mortgages.
Adding to this Molo’s competitively low fees, and the mortgage rates provided in this deal are some of the lowest available in the market.
Moubin Faizullah Khan, co-founder & CEO at GetGround, commented: “It’s essential to us that our first mortgage rate deal is applicable to the widest possible range of landlords and investors. Five year fixed rates with a maximum 75% LTV are the UK BTL market’s ‘bread and butter’. We’re looking forward to working with many of our customers to help them access the right finance for them as our lending partnerships continue to expand.”
Francesca Carlesi, co-founder & CEO at Molo, added: “We have some of the best rates available on the market, and I’m excited to bring them exclusively to GetGround’s community of customers. With a focus on competitive rates and a service based on speed, flexibility and precision, customers using Molo and GetGround can start getting excited about realising their buy-to-let ambitions.”
News of this exclusive deal follows an announcement in July that the two digital companies would forge a distinctive partnership that enables landlords and investors to form a company, open a current account and secure mortgage finance in three fast and interconnected steps, all within the same single online process.
Faizullah Khan added: “Appetite from both Molo’s customers and our own to complete their BTL purchases in the most seamless way through our distinctive partnership is growing fast. It’s a simple solution to the convoluted administrative burdens landlords and investors would rather do without.”
