Molo launches buy-to-let mortgages for GetGround customers

GetGround and Molo have launched exclusive mortgage rates, at 3.10% to 65% loan-to-value and 3.15% to 75% LTV.

GetGround enables landlords to set up a limited company, while it handles management and current accounts for investors. Molo is a buy-to-let lender which launched in 2018.

The pair partnered up in June, with GetGround targeting managing £1bn of properties on its platform in the coming months.

Moubin Faizullah Khan, co-founder & chief executive at GetGround, said: “It’s essential to us that our first mortgage rate deal is applicable to the widest possible range of landlords and investors.

“Five year fixed rates with a maximum 75% LTV are the UK BTL market’s ‘bread and butter’. We’re looking forward to working with many of our customers to help them access the right finance for them as our lending partnerships continue to expand.”

Francesca Carlesi, co-founder & chief executive at Molo, added: “We have some of the best rates available on the market, and I’m excited to bring them exclusively to GetGround’s community of customers.

“With a focus on competitive rates and a service based on speed, flexibility and precision, customers using Molo and GetGround can start getting excited about realising their buy-to-let ambitions.”

Owing to the partnership investors can form a company, open a current account and secure mortgage finance in three fast and interconnected steps.

Faizullah Khan added: “Appetite from both Molo’s customers and our own to complete their BTL purchases in the most seamless way through our distinctive partnership is growing fast.

“It’s a simple solution to the convoluted administrative burdens landlords and investors would rather do without.”

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