Molo Finance has launched expat buy-to-let mortgages for British nationals living abroad.  

The digital lender says these loans are open to UK nationals living and working in over 70 countries, including Hong Kong, Singapore, the UAE, as well as across the European Union.  

Its expat BTL range introduces a one-year fixed product available from 4.99%, along with two- and five-year fixed-rate offers from 6.24%.  

Applications can be assessed using both rental coverage and income, with lending available for property purchase and remortgage transactions in England and Wales up to 80% loan to value.  

The move comes after the lender introduced non-resident mortgages introduced in October.  

The business has also changed rates for UK-resident and non-UK resident products:  

UK residents:   

• Individual and limited company two-year fixes start from 4.55% for 75% LTV   
• Individual and limited company five-year fixes start at 5.44% for 75% LTV   

Non-UK residents:   

• Individual and limited company standard one-year fixes start from 5.99% for 70% LTV  

Molo Finance chief executive Matthew Kimber (left, pictured) says: “Since the introduction of our non-resident BTL range, we’ve received positive feedback from the broker community, reflecting a strong interest in expat lending.”