Molo Home FlexLife eligibility criteria
First time buyers
Yes, we lend to first-time buyers
Customers must be at least 18 years old at the time of offer
Customers must be aged max 67 at the end of the mortgage term
Minimum gross income of £24,500 required for a single applicant and minimum of £40,000 for joint applicants
We will only accept income sources from employed individuals
Number of Applicants
Maximum of 2 applicants per mortgage application
Must currently be a resident of the UK
Must have the permanent right to reside and work in the UK and/or be a citizen of the UK
We accept applicants with a maximum of 1 missed mortgage payment in the past 24 months (secured arrears)
No CCJs in the past 6 years and no unsatisfied CCJs.
No previous bankruptcy / IVA / Debt Management Plan / Recovery Plan or No debt recovery search (individual or director)
No unsecured or secured defaults within the last 3 years
No arrears at the time of application (secured or unsecured) and no more than 2 months in arrears at any point in the past 36 months.
No previous repossessions.
No payday loans in the past 36 months.
Your home may be repossessed if you don’t keep up repayments on your mortgage.