Molo has lowered its non-UK residents’ fixed interest rate range by 30bps.
Effective immediately, the two-year fixed interest rate starts at 7.44%, and the five-year fixed interest rate starts at 7.24%.
Both individuals and limited liabilities are open, including borrowers living in more than 100 countries.
Applications can be assessed using projected rental income or borrower’s personal income to help more landlords become confident.
Loans can be used to purchase and cash out, and on real estate in England and Wales, loans reach up to 85% of the value.
The Non-UK Residents Series also includes loans for professional cases such as HMO, MUFB and New Builds.
Borrowers can use Molo’s overpaid reserve account (ORA), thereby reducing the interest charged on the loan.
Inspired Lending announced a slowdown in its product range, with new prices now starting at 0.89% per month, down from the previous minimum of 0.99% per month.
