Introducing Molo Home FlexLife mortgage loan​

Flexible, fixed-rate mortgages between 15 and 40 years with payments that never change. And it’s all entirely online.

Move in with a 5% deposit

Buy your dream home putting down only a 5% deposit, we can lend up to 95%

Your monthly payments are fixed and remain the same throughout your mortgage term

Move in with a 5% deposit.

Move in by putting down just 5% and we'll lend you up to 95% of the property value

Your monthly payments are fixed and remain the same throughout your mortgage

happy buy-a-home with Molo

Take control with predictable monthly payments

Get an affordable mortgage with a long term fixed rate that never changes

Avoid remortgage fees and protect yourself against the risk of changing interest rates

Take control with predictable monthly payments

Get an affordable mortgage with a long term fixed rate that never goes up

Avoid remortgage fees and protect yourself against the risk of changing interest rates

buy-a-home within one day

Live life without being held back by your mortgage

Sell your home at any time and repay the mortgage in full with no repayment charges

Or bring your mortgage with you when you move to a new place

Live life without being held back by your mortgage

Sell your home at any time and repay the mortgage in full with no repayment charges

Or bring your mortgage with you when you move to a new place

buy-a-home with a digital mortgage

How does the FlexLife mortgage work?

Molo Home FlexLife mortgages is a long-term product with a fixed interest rate from 15 to 40 years. You pay the exact same amount for the entirety of the mortgage loan and benefit from stability and certainty. Fix your mortgage for 15 years or longer and know exactly how much you’ll pay each month.

How Molo stacks up against the rest

These fees and rates reflect a 25 year fixed term mortgage with a 90% LTV (loan to value).

Online mortgages the easy way | Molo Finance
LTV
90%
Total fees

£1,000

Interest rate
3.59%
LTV
90%
Total fees

£1,499

Interest rate
3.74%
LTV
90%
Total fees

£1,995

Interest rate
5.59%

This data is accurate as of 15.03.2022

Benefits of a FlexLife mortgage

Possibility

Get a mortgage with only a 5% deposit, we’ll lend the remaining 95%, and make the home-owning dream a reality.

Certainty

If you can afford the loan on day one, you can afford it forever. With a fixed-rate mortgage, the amount you pay each month doesn’t change.

Peace of mind

Forget remortgaging every 5 years. With a long-term mortgage, you don’t need to think about getting a new mortgage ever again.

Flexibility

Your mortgage changes with you. Sell your home and pay off the loan or take it with you when you move.

Frequently asked questions

A fixed rate mortgage product has an interest rate that stays the same for the entire period that it is fixed. At Molo we offer fixed rate mortgages from 15 to 40 years. This gives you absolute certainty about how much you will pay each month, as that amount also will not change. However, if interest rates drop, you will not benefit from the lower rates as your mortgage has been fixed already. But if interest rates rise, the increase will also not be passed onto you. Your payments will remain the same throughout the fixed period of your chosen mortgage product.

The minimum deposit is 5% of the property value for you to buy a home with our long-term mortgages. We may be able to lend you up to 95% of the property value. You can also put down a higher deposit if you prefer, doing so will bring down the cost of your monthly mortgage payments.

If you’re a UK resident and would like to buy a home to live in (rather than as a buy-to-let investment or second property), you’re eligible to apply for a long-term mortgage with Molo. But for us to offer you a loan there are some other requirements we will need to check, see our full criteria of eligibility here before applying.

We offer a range of rates depending on the amount you borrow and the length of your mortgage term. Our list of rates for a 25 year fixed term mortgage include: 

  • 4.81% on 95% loan to value
  • 4.59% on 90% loan to value
  • 4.40% on 85% loan to value
  • 4.18% on 75% loan to value
  • 3.95% on 60% loan to value

A representative example…
A repayment mortgage of £200,000 payable over 25 years, on a fixed rate of 4.18% for 25 years, would require 300 monthly payments of £1,081.03 (with the product fee of £1000 added to the loan).The total amount payable would be £325,165.47 made up of the loan amount plus interest and £1000 product fee plus interest (product fee added to the loan). This is based on a purchase price of £270,000, valuation fee of £300, telegraphic transfer fee of £15 and redemption fee of £123.60 (all payable as a one off payment, i.e., not added to the loan). Please note your actual costs and monthly repayments will vary.

You can find all our other mortgage rates for 15 to 40 years fixed term mortgages on our mortgage rates page.

You can’t remortgage the same property with another lender to move on to a lower rate without paying Early Repayment Charges. You can either take your mortgage with you when you move houses or sell your property and pay off the mortgage in full without paying any early repayment fees, before getting a new mortgage on your next home with the lender of your choice.

Getting a mortgage with a shorter fixed period – 2 years and 5 years – gives you the ability to review and change your mortgage after that timeframe. That means you will also have a shorter period of ‘protection’ against potential interest rate rises. If after your 2 year mortgage term ends the interest rates in the market are higher than what you had initially, your new mortgage may be more expensive than what you were paying before. You may also find yourself subject to added costs (for example, legal, valuation and product fees) if you choose to remortgage.


Fixed rate products with longer initial periods, between 10 years and 40 years, give you a longer period of protection against interest rate rises and a longer period of certainty about your mortgage payments. 

If you wish to get out of a fixed rate mortgage before the initial period ends, you may have to pay an early repayment charge, and that’s more likely to happen the longer the initial fixed period. (See our Tariff of Charges for details of how much those early repayment charges could be.)

No one can know for certain what might happen to interest rates over the next 10 or 40 years. So it’s important for you to know what type of benefit is more important when getting your mortgage, the certainty of fixing your mortgage payments at a set rate now and then not having to worry about it, or the flexibility of being able to change your mortgage product from time to time.

A fixed rate mortgage secures the interest rate for its entire term. With a long-term mortgage, your rate won’t change even if interest rates increase or decrease elsewhere. You can rest assured that your mortgage payments will never change.

You can pay up to 10% of the outstanding mortgage balance each year without having to pay any early repayment charges. An early repayment charge may apply if you repay more than 10% in any one year or if you repay your fixed rate mortgage early in full.

For our long-term fixed rate products, you will have to pay an Early Repayment Charge if, in any year, the amount you repay early is more than 10% of the original loan.

You will not have to pay an Early Repayment Charge when:

  • You repay the Loan in full using your own resources without borrowing from another lender.
  • The property is sold, and the net proceeds of that sale are applied in or towards payment of the total sum outstanding.
  • The proceeds of a claim under the insurance of the property are applied in or towards payment of the total sum outstanding.
  • The loan is repaid in full after your death or critical illness.

You can see all of the possible charges and fees here.

Fixed-rate mortgages set the interest rate, meaning you pay the same amount each month for the fixed term. A variable rate follows the Bank of England base rate and changes in accordance. If the base rate goes up, the interest on your mortgage increases and your payments rise. But if it goes down, your payments decrease.

Simplify your mortgage experience

Apply easily online

There’s no paperwork or appointments to worry about.

Faster decisions

Automated decisions lead to faster approval times

Access support

Our team’s on hand to help, whenever you need them.

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We make it easier for people to buy a home with an online mortgage loan

" Have been dealing with Molo for a while now and they're a great lender with an easy to use system. Would definitely recommend giving them a go "

Jamie

United Kingdom

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Hassle-free mortgages with Molo

Your home may be repossessed if you don’t keep up repayments on your mortgage.