The introduction of Right to Rent was controversial when announced in 2016. At the time, many landlords argued that checking people’s immigration status shouldn’t fall on their laps and instead should be the job of the government. Yet, here we are five years later, and Right to Rent is an integral aspect of renting a …
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 …
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 …
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 …
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 …
You know that feeling you get when you see your Uber rating go up and down? Yeah, well, credit scores are a bit like that, only they’re way more important. That’s because your credit rating, which is determined using a score, has a major impact on how much you can borrow, whether you’re getting a …
We recently wrote a post about jargon terms that you’re likely to hear when applying for a mortgage. APR is most definitely one of them. Officially termed annual percentage rate, APR has a significant role to play when it comes to borrowing money to buy a house. So it’s handy to know what it …
Since the phasing out of tax relief for mortgages back in 2016, buy-to-let investors have seen their earnings decrease. And, in an effort to maximise their investment, they began exploring alternative options. That journey of exploration has mostly led to SPV, otherwise known as a limited company (ltd). The idea behind SPV sees investors buying …
Have you got your DIP for your buy-to-let mortgage yet? Or are you scratching your head thinking “IDK” as a mortgage professional overwhelms you with industry terms? The world of buy-to-let mortgages can be a bit much at times, especially when people start using jargon and expect you to instantly understand. If you find yourself …
April just so happens to be Stress Awareness month, and we know that landlording and the world of buy-to-let mortgages can be stressful at times – especially if it’s your first foray into the world of property investment. But worry not, because in the name of Stress Awareness month, we’ve written this article with four …
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