Molo Finance has launched a series of fixed-rate expat BTL mortgage products for British nationals living overseas.
The announcement follows the news earlier this week that Matthew Kimber joined the business as its new CEO.
The digital lender can now provide up to 80% LTV BTL finance in England and Wales for borrowers residing and working in over 70 countries, including Hong Kong, Singapore, UAE, and the EU.
The expat BTL mortgage range includes a one-year fixed product from 4.99% at up to 70% LTV, and 5.24% up to 80% LTV.
It is also offering two- and five-year fixed rates from 6.24%.
All expat cases will be processed by AAA Financial Corporation and applications can be assessed using both rental coverage and income, with lending available for property purchases and remortgages.
In October 2023, Molo introduced its non-resident BTL mortgage product.
“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,” said Matthew Kimber, CEO at Molo.
“The launch of expat BTL mortgages demonstrates our dedication to helping our customers.”
The finance provider has also adjusted its rates for both UK-resident and non-UK resident products.
The expat offering can be viewed on Molo’s website from today (23rd February).
Since its launch in 2018, the lender has seen £1.7bn of mortgage applications submitted across its digital platform.
