October 2023

Molo's affordability assessment for BTL

Molo offers affordability assessments for buy-to-let customers

Wednesday, 1st November 2023: We are proud to introduce our affordability assessment for single applicants, allowing customers to use their personal income and rental to support the application. Many landlords face difficulties in meeting borrowing requirements solely based on their rental income assessments, often referred to as the Interest Coverage Ratio (ICR). This is why …

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Molo launches non resident buy to let mortgages

Molo launches Non-Resident Buy-to-Let Mortgages

Wednesday, 25th October 2023: We are thrilled to launch our new Non-resident buy-to-let mortgages, unlocking investment opportunities for borrowers from around the world to secure a buy-to-let mortgage in England and Wales. 5-year tracker rates available from 6.99% and 2 and 5-year fixed rate deals available from 7.99%, with lending available up to 75% loan-to-value …

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is buy to let a good investment?

The Pros and Cons of Buy-to-Let Investments: Is It Right for You?

Pro: regular rental income (that seems to be rising) Letting a property offers a steady income stream and can enhance your savings or even serve as a retirement strategy. In 2022, Zoopla reported a “chronic imbalance” between rental supply and demand, leading to significant rent increases, especially in London, Manchester, and Glasgow, with rises of …

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insurance for buy to let proprieties, how to safeguard your investments

Do You Need Insurance When Getting a Buy-to-Let Mortgage?

Mortgage protection insurance What is it? Mortgage protection insurance is a policy designed to cover your mortgage payments in case you’re unable to do so due to circumstances like unemployment, illness or accidents and if the property is vacant without any tenants. The insurance typically pays out a set amount for a specified period, allowing …

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