Molo Finance has joined Legal & General Mortgage Club’s lending panel.
Molo Finance is a fully-digital lender, underwriting all mortgages online and using technology to help it make quick and real-time lending decisions.
The lender’s criteria will also now be included in Legal & General Mortgage Club’s SmartrCriteria tool, allowing advisers to quickly check whether their clients’ meet Molo’s lending requirements.
Following the addition of Molo Finance, advisers now have a choice of nearly 100 lenders through Legal & General Mortgage Club’s panel.
The addition of Molo Finance follows two other buy-to-let lenders – Habito and West One – which were added to the panel in January.
Danny Belton, head of lender relationships at Legal & General Mortgage Club, said: “The last 12 months has seen a number of additions to Legal & General Mortgage Club’s offering from across the market, providing advisers with even more choice for their clients. Now our members will be able to access Molo Finance’s innovative proposition.
“This is a buy-to-let lender that is switched on to technology and which can provide advisers which quick decisions. That matters more than ever in today’s busy mortgage market, and at a time when people across the country are taking a greater interest in the buy-to-let sector.
“We are looking forward to working together with Molo Finance as we continue to expand our choice and offering to advisers.”
Francesca Carlesi, CEO of Molo, added: “We are thrilled to be joining the Legal & General Mortgage Club. This announcement serves as yet another endorsement of Molo’s potential to revolutionise the mortgage industry from the inside, by leveraging the use of our proprietary technology.
“This, in turn gives our customers certainty about their mortgages in minutes rather than weeks. We can’t wait to work with the Mortgage Club and provide its members with access to our unique, all digital mortgage proposition.”