Many feared for the property market when the pandemic struck, and subsequent lockdowns followed. At the time, concerns over a housing crash were very real. Then, in July 2020, Chancellor of the Inquisitor Rishi Sunak announced the Stamp Duty Holiday, which effectively helped house buyers save thousands on their new home. Its popularity caused a […]
What happens once the Stamp Duty Holiday ends? Read More »
In the world of residential homes, a repayment mortgage is about as standard as it comes when borrowing to fund your next move. In the buy-to-let landscape, however, it’s more common to see an interest-only mortgage being snapped up by landlords. That’s because interest-only mortgages have lower monthly payments, as you’re only covering the cost
What is a repayment mortgage? Read More »
The month of June holds plenty of weight when it comes to fairness and inclusivity. And it got us thinking about the importance of Molo values, such as our own ethics and how we strive to facilitate a fair and equitable world for both customers and team members. From leadership to product decisioning, we have
Molo Values: making sure that everyone matters Read More »
Historically, getting a mortgage means borrowing a sum from the lender and paying the amount back over a certain period, usually 25 years. Each month, you pay off part of the amount borrowed plus the interest on the loan. But what happens when you only pay the interest and not the money borrowed? Sounds crazy,
Why are buy-to-let mortgages interest only? Read More »
Even if you haven’t had a mortgage before, you’ll probably know the big name lenders: Lloyds, Nationwide, Barclays… These massive names are high street landmarks, and some of them have been around for hundreds of years. But Molo? We’re proud to be a new and different breed of mortgage lender, but we can’t rely on
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