Molo introduces low-fee and low-rate for non-UK resident landlords Mortgage Finance Gazette

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Molo has introduced a new low-fee and low-rate pricing structure for its non-UK resident buy-to-let (BTL) range.

The new pricing structure offers the same APRC and is available to both individual and limited company borrowers covering standard BTL, new builds, holiday lets, HMOs and MUFBs.

Low-fee products include one-year and five-year fixed low-fee rates at 7.09% and two-year fixed low-fee rates at 6.99%.

Low-rate products include a one-year fixed low-rate at 5.84%, two-year fixed low-rate at 6.36% and five-year fixed low-rate at 6.84%.

Rates are available to residential from over 140 countries including China, Malaysia, Singapore, Vietnam, the EU and the US.

Rates for UK residents remain unchanged, starting from 2.68%, while Expat BTL rates start from 4.75%.

Molo distribution director Martin Sims says: “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.”