Molo Finance have announced a product update. Contact our team for more information. If you would like further information directly from Molo Finance, visit their intermediary site here.
MOLO LAUNCHES LARGE HMO AND MUFB PROPOSITION
Are your clients looking to seek additional property investment options to diversify their portfolio? Molo’s new large Houses of Multiple Occupation (HMO) and large Multi-unit Freehold Blocks (MUFB) offering gives landlords even more choice in the market.
Your clients can purchase a property with up to 12 lettable rooms/ units with 2-year fixed rates starting at 5.45%, and 6.55% on a 5-year fixed rate (on all LTV options), across all sizes of HMO/MUFB.
At Molo, we are committed to providing customers with first-class standards of customer service. With that in mind, all large HMO and large MUFB cases will have a dedicated underwriter to ensure a smooth and systematic process.
By choosing Molo for their mortgage needs, landlords have a plethora of options to help them maximise investments and achieve more success in the property market.
Molo’s buy-to-let lending criteria for large HMO and MUFB
HMO
- Maximum of 12 lettable rooms on one mortgage
- Up to 75% LTV
- Physical valuation applies for 6 lettable rooms
- A red-book valuation is required for properties from 7 to 12 lettable rooms
- Minimum 12 months’ landlord experience required
- HMO licence may be required
MUFB
- Maximum of 12 units on one mortgage
- Up to 75% LTV
- Physical valuation applies for 6 units
- A red-book valuation is required for properties from 7 to 12 units
- Minimum 12 months’ landlord experience required
- All units must be separately saleable and serviced for utilities
- All units must be held on the freehold title. There should be no leases in place at the time of completion
Molo Residency Criteria for BTL Clients
We understand the unique challenges your clients face when investing in buy-to-let (BTL) properties in the UK, especially if they’ve recently relocated and haven’t had enough time to build their credit profiles.
At Molo, our mission is to assist as many landlords as possible in realising their property investment dreams. To this end, we’ve established a set of criteria designed to simplify the investment process.
Molo’s criteria include:
We accept both UK and Non-UK nationals
- Your clients’ nationality won’t be a hurdle to their property investment goals
First-time buyers and first-time landlords accepted
- We’re here to support newcomers to the property market
Minimum time in the UK – 3 months (subject to credit profile)
- Even with a relatively short time in the UK, your clients can still explore property investment opportunities
Streamlined Visa Process
- We simplify the journey for those with Tier 1 & 2 Visas
- Your clients won’t have to navigate complex visa requirements to start their property investment journey
No permanent right to reside requirements
- The flexibility of our criteria ensures that your clients can invest without permanent residency
Maximum LTV 80%
- We offer competitive loan-to-value ratios, making property investment more accessible
Explore Various Property Types
- Minimum 30sq m floor size – keep it simple
- Your clients have the freedom to explore various property types, including larger investments
Molo is dedicated to streamlining the property investment process in the UK, with a focus on empowering your clients to confidently pursue their investment goals.
Our eligibility criteria and product guide have all the details you need for price change specifics.
See how Molo can help you and your clients by visiting our Broker Page for more information. As always, if you have any questions don’t hesitate to get in touch with us by email at [email protected].