Molo has cut rates on BTL range for non-UK residents by up to 30bps.
With immediate effect, two-year and five-year fixed-rate mortgages are available from 7.44% and 7.24%, respectively.
These rates are open to both individuals and limited companies, including borrowers residing in over 100 countries.
These include EU nations, China, Hong Kong and Singapore.
Rates for UK residents remain unchanged, starting from 2.83%, while expat BTL rates start from 5.24%.
“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 Martin Sims, distribution director at Molo (pictured above).
“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.”
