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Remortgage long term for peace of mind
Molo Home FlexLife
Secure your future with an affordable long-term fixed mortgage.
Pay a flat monthly fee that never changes
Benefit from currently low rates for a long term and don’t risk fluctuating mortgage costs in the future
Never remortgage again
Avoid the hassle and potential fees of switching to a new deal every couple of years, or the risk of fluctuating interest rates.
Sell at anytime or take your mortgage with you
Our long term mortgages can be ported to other properties or repaid in full at anytime, without incurring early repayment charges.
We're here to simplify your mortgage experience
Apply easily online
There’s no paperwork or appointments to worry about.
Faster decisions
Automated decisions allow your application to be approved quicker.
Access support
Our team’s on hand to help, whenever you need them.
Enjoy top level service
We’re proud of our Excellent Trustpilot rating.
Our rates
The rates below contain a £1,000 product fee included in the loan, for more details on our rates visit our mortgage rates page.
Loan to value
15 years
20 years
25 years
30 years
35 years
40 years
95%
3.70%
3.80%
3.81%
3.87%
3.90%
4.01%
90%
3.48%
3.58%
3.59%
3.64%
3.68%
3.79%
85%
3.29%
3.39%
3.40%
3.45%
3.50%
3.61%
75%
3.15%
3.17%
3.18%
3.24%
3.28%
3.40%
60%
2.92%
2.94%
2.95%
3.00%
3.06%
3.19%
A representative example…
A repayment mortgage of £200,000 payable over 25 years, on a fixed rate of 3.18% for 25 years, would require 300 monthly payments of £972.09 (with the product fee of £1000 added to the loan).The total amount payable would be £292,065.29 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.
Check your eligibility
Find out if you meet our full lending criteria before applying
Minimum income
A minimum gross income of £24,500 is required for single applicants and £40,000 for joint applicants
Property must be in England or Wales
We don’t yet provide mortgages for properties in Scotland or NI
Residential status
Applicants must be current residents or citizens of the UK
95% Loan to Value (LTV)
We currently lend up to 95% of the value of the property
Get moving with our handy tools
A range of tools to help you on your way
Find out how to remortgage your home with our latest guides
Do I need to remortgage if I have a long-term mortgage?
Traditionally, people get a mortgage on a fixed rate lasting between 2 and 5 years. Once the initial term ended, the mortgage moved onto the higher standard variable rate (SVR). In order to avoid this, they would remortgage before the fixed period ends.
With a long-term mortgage of 15 years or more, there’s no need to remortgage. That’s because the rate is fixed for the long term, and once the term ends, you will have paid off the loan in full.
Can I remortgage with a new lender?
Yes, most remortgages happen with new lenders. You are able to remortgage your existing residential mortgage balance with us at Molo.
Depending on your home value and reason for any additional borrowing you may also be able to borrow more than your current balance up to a value of 75% of your home. You can see our full criteria to remortgage and borrow more here.
Can I remortgage online?
With Molo, you can get your remortgage online. That means a faster and easier process than traditional lenders offer, with no paperwork or appointments needed.
How soon can I remortgage?
You can remortgage whenever you like, though charges may incur if you do it during your initial rate period. Most people decide to remortgage when their initial term ends.
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Molo Tech Ltd is registered in England and Wales no. 10510180. Registered office: Industrious, Office 405, 4th Floor, 70 St. Mary Axe, EC3A 8BE. Molo Tech Ltd is a wholly owned subsidiary company of ColCap Financial UK Ltd that is registered in England and Wales no. 14127877.