GetGround and Molo have strengthened their recently formed partnership with an exclusive mortgage rate deal that gives GetGround customers access to Molo’s limited company buy-to-let (BTL) mortgage.
As part of the exclusive deal Molo is offering 5-year fixed-rate mortgages to approved GetGround customers at rates starting from 3.1%.
Customers can access 65% loan-to-value (LTV) products at 3.1%, rising to 3.15% for 75% LTV mortgages.
This follows an announcement in July that the two digital companies would form a partnership enabling landlords and investors to form a company, open a current account and secure mortgage finance in three interconnected steps within the same online process.
Moubin Faizullah Khan, co-founder and CEO 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.
“5-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 and CEO 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.”
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.”