Non-Resident Full Affordability Max Borrowing Calc & DIP Generator
How much can I borrow for a Buy-to-Let Purchase or Remortgage?
v
Using Full Affordability (FAA) calculations, your maximum loan size would be…
Products available up to 70% LTV. Offer depends on product suitability and subject to credit policy. Figures are to be used as a guide and do not indicate an official quote. Subject to full underwriting criteria and verification including sufficient supporting documentation. Calculated v6.5
Decision in Principle
| Broker Details | Broker | ||||
|---|---|---|---|---|---|
| Client Name | Client Name | ||||
| Property Value or Purchase Price | Property Value or Purchase Price | Annual Service Charge | Annual Service Charge | Total Income | Total Income |
| Monthly Rental Income | Monthly Rental Income | Annual Ground Rent | Annual Ground Rent | Total Expenses | Total Expenses |
| Loan Term | Loan Term | ||||
Using Full Affordability (FAA) calculations and based on the information you have provided, the client's maximum borrowing capacity as at date is:
Non-Resident Criteria
Using Full Affordability Assessment, we can consider up to 70% LTV for C&I repayments, Interest Only Repayments and New Builds. The financial loan amount offered to you will subject to full underwriting criteria and validation of the information you have provided, in addition to ID verification, full credit searches and a satisfactory assessment of the property and rental income. Results may change during full assessment.
Validity
This is not a binding mortgage offer and is subject to the satisfactory completion of the checks detailed above. You should not enter into a legally binding commitment to buy a property until you have received, and are happy with, the full mortgage offer. This Decision in Principle is based on current lending criteria and is valid for 60 days or as long as v is current, whichever is shortest. Assessment rate and Rate to Borrower are likely to change with Bank of England cash rate changes. Decision in Principle and Formal Offer quotes are based on the BOE Rates and Cost of Funds at the time they're published. The quotes are intended as an indicative guide only and do not act as a rate lock. Fixed rates are only fixed upon the issuance of a formal mortgage offer.
Next steps
You need to:
- Complete an Application Form
- Collect everything required on the Doc Checklist
- Submit all documents to your Broker
About us
Molo and Molofinance are trading names of Molo Tech Ltd, registered in England and Wales no.10510180.
Registered office: 84 Eccleston Square, London SW1 1PX. Molo Tech Ltd.
Financial Services Register Firm Reference Number 951899.
Website: www.molofinance.com
Complaints
Molo is committed to providing products and services to the very highest standards. If you feel that we haven’t lived up to your expectations in any way, we’d like to know so we can put things right for you. Any complaint you have should be referred in the first instance to: Complaints Department Molo Finance at complaints@molofinance.com
Level of service
Buy to Let mortgages are not regulated by the Financial Conduct Authority (FCA). You will not receive advice on the suitability of a Molo Mortgage at any stage during your application. Molo will however, provide you with the information you will need to make an informed decision. Molo will only offer you Molo products.