International Women’s Day took place this week, and it got us thinking about what being a woman means at Molo. As a forward-thinking company with a female CEO, creating a culture where women can thrive is an ongoing mission for us. We recently hired a female CTO (more on that in a bit), and we …
The much-anticipated Spring Budget was announced on March 4th, and there was plenty to unpack for landlords. Just in case you don’t have time to trawl through pages of announcements (what with all that landlording), we’ve compiled the juiciest tidbits into an easily digestible summary. Read on and find out what the Spring Budget means …
Buyers of property have paid stamp duty for generations, and it’s the oldest form of tax still collected by the Inland Revenue. From its inception in 1694, right up until the present day, the majority of people in the UK need to pay stamp duty when they buy a new home, including buy-to-let landlords. Stamp …
Stamp duty for landlords: everything you need to know Read More »
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 …
In the world of homeowner mortgages, the idea of getting a loan and only paying off the interest would send most people running for the hills these days. When it comes to buy-to-let, however, the rules are quite different. If you’re new to investing in bricks and mortar, the idea of borrowing a large sum …
Mortgages explained: buy-to-let mortgages and interest only Read More »
What is stress testing? Whilst looking for the best buy-to-let mortgages, you may have heard about the new requirements that have been put in place to assess mortgage affordability. Banks and other lenders are now required to ‘stress test’ all mortgage applications to make sure that the applicants do not borrow more than they could comfortably …
Stress testing and its role in mortgage affordability Read More »
Mortgage lengths are one of the key questions that centre around the mortgage application process. The average length of a mortgage loan is between 25 and 30 years. The longer the loan length, the cheaper the monthly payments. Simple enough, right? However, the initial stages of a mortgage often include interest rates that are set …
Mortgages explained: initial term vs full-length contract Read More »
The mortgage application process often contains a number of keywords that you might not recognise. These words are referred to as ‘technical terms’ in the industry but, in reality, they can come across as a bit jargon-y. From AVMs to DIPS, and CCJs to SMIs, it’s easy to get caught out by different acronyms. As …
For anyone who wants to borrow money to have your own home, a mortgage is your access point. It is the gateway to that weekend getaway in the countryside. While the process of a mortgage is reasonably straightforward – apply to borrow money, receive funds, buy property, pay back the amount borrowed – the reality …
Explaining the different mortgage types: tracker vs fixed Read More »
What actually happened to mortgages, and what the future now holds. The idea of lending money to someone to purchase a home they can’t afford to pay for in full is simple enough. But somewhere along the line – amid the complexities, jargon and small print – mortgages became anything but simple. Fear not, though, …
How did mortgages get so messed up? A history lesson. Read More »
Molo and Molofinance are trading names of Molo Tech Ltd, registered in England and Wales no. 10510180. Registered office: 84 Eccleston Square, London SW1V 1PX.
Molo Tech Ltd is authorised and regulated by the Financial Conduct Authority. Financial Services Register Firm Reference Number 951899.
Molo is a subsidiary company of the ColCap Financial Group, and ColCap Financial UK Ltd that is registered in England and Wales no. 14127877