Posted by Basak Erten, December 11, 2020
We’re thrilled to announce that Molo is now offering Let to-Buy mortgages, making it much easier to convert your existing home mortgage so you can rent out your property.
If you’re not familiar with Let-to-Buy mortgages, they enable homeowners to convert a residential home into a property to let while simultaneously purchasing a new residential property, by releasing equity into their existing home. The launch of this new product means homeowners now have more choices available to them when it comes to pursuing Buy-to-Let.
What’s the difference between Let-to-Buy and Buy-to-Let?
The distinction between Let-to-Buy and consumer Buy-to-Let mortgages is that with the former option, you must own at least one other Buy-to-Let property at the point of application. On the other hand, consumer Buy-to-Let mortgages are regulated as residential mortgages and are aimed at individual, part-time landlords rather than professional landlords.
Learn more on what mortgage options are available for you and get more information on our full eligibility criteria here.
When can you remortgage?
Many people get a mortgage in the UK. Between 2018 and 2019, 469,000 homeowners remortgaged their houses, whether it was to buy a second home, access capital after the value of the house increased or simply switch to a better deal. In the buy-to-let world, remortgaging is also popular, especially if landlords want to borrow …
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Posted by Simon Banks
July 22, 2021
Molo partners with Paradigm Mortgage Services
We are thrilled to announce a brand new partnership with Paradigm Mortgage Services, one of the UK’s leading mortgage distributors, providing intermediaries with access to lenders covering the whole market. This partnership expands our network of brokers and allows Paradigm member firms access to Molo Finance’s digital mortgage services, allowing quicker access to borrowing. Paradigm …
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Posted by Myyu Duong
July 22, 2021
The stages of buying a house
The house buying process can take a lot of time and energy, but it’s not complicated when you know how! In this guide, we’ll take you through the stages of buying a house step by step. 1. Get your finances in order Before you can start looking for a house to buy, you need to …
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Posted by Oliver West
July 20, 2021