Molo Finance joins Legal & General Mortgage Club panel

Legal & General Mortgage Club has announced Molo Finance as the latest lender to join its panel.

The addition follows two other buy-to-let (BTL) lenders, in Habito and West One, which were added to the panel in January.

Advisers will now have a choice of almost 100 lenders through Legal & General Mortgage Club’s panel.

A fully-digital lender, Molo underwrites all mortgages online and uses technology to make quick and real-time lending decisions. The lender’s criteria will also now be included in Legal & General Mortgage Club’s SmartrCriteria tool, which allows advisers to quickly check whether their clients’ meet Molo’s lending requirements.

Legal & General Mortgage Club head of lender relationships, Danny Belton, commented: “The last 12 months have 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’s innovative proposition.

“This is a BTL 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 BTL sector.

“We are looking forward to working together with Molo as we continue to expand our choice and offering to advisers.”

Molo CEO and co-founder, Francesca Carlesi, 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.”

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