By: 28 February 2024

Molo’s new product provides financing options for expats in Hong Kong, Singapore and more

Molo Finance introduces expat buy-to-let mortgages

Molo Finance, a UK-based digital mortgage lender, has launched expat buy-to-let mortgages for British nationals residing abroad.  

The mortgages provide financing for individuals residing and working overseas in Hong Kong, Singapore, UAE, the European Union and other countries.  

The new product introduces a one-year fixed product from 4.99%, along with two and five-year fixed-rate products from 6.24%. 

Matthew Kimber, the newly appointed chief executive officer of Molo, said: “Our commitment to innovation and meeting the diverse needs of our clients is at the core of our mission.  

“Since the introduction of our non-resident buy-to-let range, we’ve received positive feedback from the broker community, reflecting a strong interest in expat lending.  

“The launch of expat buy-to-let mortgages demonstrates our dedication to helping our customers”. 

The launch follows the introduction of its non-resident buy-to-let mortgages last year. 

Founded in 2018, Molo aims to “transform” the broker mortgage market, with its digital products. Since its launch, Molo has had more than £1.7bn mortgage applications submitted across its platform to date.  

In February 2023, ColCap Financial, an Australia-based nonbank mortgage lender, acquired an 80% shareholding in Molo after the two companies entered a strategic partnership in 2022.  

Image: Canva 

Josh Poyser
Josh Poyser is an editor at FinTech Intel. He has written about fintech for several years and appeared at FinTech Connect 2023 on the 'Unlocking Success: The Art of Fintech PR' panel.