Molo has introduced a new pricing structure across its non-UK resident buy-to-let mortgage range, giving overseas landlords the choice between lower upfront fees or lower monthly rates.
Effective immediately, the specialist mortgage lender is offering fixed and tracker products up to 85% loan-to-value (LTV) under two options.
The low-fee range includes 1- and 5-year fixed rates starting at 7.09% and a 2-year fixed rate at 6.99%, while the low-rate range starts at 5.84% for a 1-year fixed, 6.36% for a 2-year fixed and 6.84% for a 5-year fixed.
Equivalent tracker products are also available.
All products are open to both individuals and limited company borrowers and cover standard buy-to-let, new builds, holiday lets, houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).
Molo’s non-UK resident offering extends to landlords in more than 140 countries, including China, Malaysia, Singapore, Vietnam, the EU and the United States.
Rates for UK residents remain unchanged, starting at 2.68%, while expat buy-to-let rates continue to start at 4.75%.
Martin Sims (pictured), Molo’s distribution director, said: “We’re committed to supporting landlords with flexible, competitive solutions.
“By offering both Low-Fee and Low-Rate options across our non-UK resident BTL range, brokers can now offer greater value to their clients, especially in a climate where affordability and choice are more important than ever.”
