Molo Finance has extended its product offering to include expat buy-to-let mortgages, providing financing for individuals residing and working overseas in Hong Kong, Singapore, UAE, the European Union, and a wide range of other countries.
The new expat buy-to-let mortgages include a 1-year fixed product available from 4.99%, along with 2- and 5-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% loan-to-value (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 2-year fixed rates start from 4.55% for 75% LTV, and 5-year fixed rates start at 5.44% for 75% LTV.
For non-UK residents. individual and limited company standard 1-year fixed rates start from 5.99% for 70% LTV, and standard 2- and 5-year fixed rates start from 7.74% for 70% LTV.
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.”
