Molo Finance has secured a partnership with Fiducia Commercial Network to launch a new non-resident buy-to-let mortgage range.
The mortgage range allows international investors to secure buy-to-let property in England and Wales without requiring a UK bank account.
Molo is an award-winning fintech start-up who have been leading change in the mortgage industry since launching in 2018.
They will work with Fiducia Commercial Network\’s international Appointed Representatives to provide opportunities for overseas investors.
Peter Charge, Head of Intermediary Sales at Molo Finance, said: \”We\’re delighted to be working in Partnership with Fiducia Commercial Network and its Appointed Representatives on the launch of our New Non-Resident Buy-to-Let Mortgage range.
\”This offers a unique opportunity for borrowers worldwide to secure a buy-to-let property in England and Wales, all without requiring a UK bank account.\”
\”This offers a unique opportunity for borrowers worldwide to secure a buy-to-let property in England and Wales, all without requiring a UK bank account.\”
Molo will provide a range of products for overseas investors including:
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- 5-year tracker rates available from 6.99% and 2 and 5-year fixed rate deals available from 7.99%, with lending available up to 75% loan-to-value (LTV)
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- Innovative 5-year switch product allows borrowers to move from a fixed-rate to tracker rate at any time during the loan period, taking advantage of any future reductions in the Bank of England rate
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- Capital and interest and interest-only mortgages available for individuals and limited companies
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- A wide range of specialist products, including New Builds, Investor Led, Holiday Let, Houses of Multiple Occupation (HMO), and Multi-unit Freehold Blocks (MUFB)
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- Available to First-time borrowers and landlords in over 60 countries, including China, Hong Kong and Singapore, and across the European Union
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- No UK bank account required
Rachel Kent, Managing Director (International) of Fiducia Commercial Network said: \”This is really exciting news for Fiducia Commercial Network and our Appointed Representatives.
\”Molo Finance have been bringing huge change to the financial services in the UK and we look forward to working with working collaboratively with Peter Couch and the Molo Finance team.\”
Fiducia Commercial Network is the fastest growing network of Appointed Representative in the UK.
It was created to allow independent operators to provide commercial property finance and trading business finance options to their existing client base and network.
Anyone can apply to join Fiducia Commercial Network as an Appointed Representative, subject to due diligence, onboarding and training.
Membership to Fiducia Commercial Network allows individual firms to provide commercial finance opportunities to their existing clients.
- To discuss Fiducia Commercial Network or to apply to become an Appointed Representative email the team via by clicking this link.
- For all media and marketing enquiries contact James Fletcher at Onside PR via pr@fiduciagroup.co.uk
