Molo has reduced rates across its non-UK resident buy-to-let mortgage range by 30 basis points, with fixed rates now starting from 5.69%.
The updated pricing applies only to the non-resident range, with rates for UK residents and expats remaining unchanged. The lender’s new rates are available to both individual and limited company borrowers residing in more than 100 countries, including China, Hong Kong, Singapore and across the EU.
The latest changes see one-year fixed rates beginning at 5.69%, while two- and five-year fixed products start at 7.44% and 7.24%, respectively.
Lending remains open for both purchases and remortgages, with loan-to-value ratios of up to 85% on properties in England and Wales. Molo’s criteria allow applicants to qualify based on projected rental income or personal income, offering additional flexibility for overseas landlords.
The lender’s non-resident range also covers more specialist property types, such as houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFBs), and new builds. Borrowers can also access features such as the Overpayment Reserve Account (ORA), designed to reduce the interest charged on loans when overpayments are made.
“We understand the unique challenges faced by intermediaries working with international landlords – from shifting economic conditions to assisting the safe navigation of UK regulations," said Molo's distribution director Martin Sims. "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 BTL market.”
