Molo Finance has announced the introduction of a new expat buy-to-let mortgage range specifically designed for British nationals living overseas. This innovative financing option comes with competitive rates starting from 4.99%, a boon for those looking to invest in the UK property market from abroad.

Building on the success of its non-resident buy-to-let mortgages rolled out in October 2023, Molo Finance is broadening its horizons to cater to expats. The lender’s latest offering makes it easier for British citizens working and living in over 70 countries—including popular expat destinations like Hong Kong, Singapore, the UAE, the European Union, and more—to finance their buy-to-let investments back home.

What’s on Offer?

The newly launched mortgage range features a variety of products:

• A one-year fixed mortgage starting at a competitive 4.99%
• Two and five-year fixed-rate mortgages beginning from 6.24%

These options are designed to accommodate the unique needs of expats, offering flexibility and affordability. Eligible properties for these mortgages are located in England and Wales, with financing available for up to 80% of the property’s value (LTV). Borrowers can take advantage of these mortgages for both new property purchases and remortgaging existing ones.

Tailored Financing Solutions

Molo’s approach allows for a broader assessment of an applicant’s financial situation, considering both rental coverage and income. This inclusivity ensures that more expats can find a financing solution that matches their circumstances and investment goals.

Adjustments Across the Board

In conjunction with the launch of its expat-focused products, Molo has also revised the rates for its existing mortgage options. For UK residents, the rates now start from 4.55% for two-year fixed terms and 5.44% for five-year terms at 75% LTV. Meanwhile, non-UK residents can secure one-year fixed rates starting at 5.99% and longer-term rates from 7.74%.

A Commitment to Service and Innovation

Matthew Kimber, CEO 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.”