Paradigm Mortgage Services has confirmed a new partnership with digital mortgage lender, Molo Finance.
The mortgage services proposition’s member firms will now have access to Molo’s digital mortgage offering, including technology it uses to speed up the lending process.
Molo offers a range of buy-to-let (BTL) purchase and remortgage products for both individual and limited company borrowers, covering both standard and HMO properties.
The lender offers two and five-year fixed rate options between 65% and 80% LTV and is the first lender to offer mortgages underwritten entirely online, meaning customers can get a decision-in-principle (DIP) in minutes while full application reviews can be processed in 24 hours.
Paradigm head of mortgages, John Coffield commented: “Technology is continually moving the mortgage market forward in terms of speeding up lender decisioning, underwriting and processing.
“We are very pleased to announce this new partnership with Molo, one of those lenders at the cutting-edge in terms of the technology it uses and the process it wants to deliver to both advisers and their clients. We are looking forward to working with the team at Molo to introduce their proposition to our member firms.”
Molo CEO and co-Founder, Francesca Carlesi, added: “We are delighted to partner with Paradigm, which is one of the leading distributors in the mortgage industry and will add to the excellent partners we already have here at Molo.
“We’re excited to work with a broker who understands our mission and is forward-thinking in its approach.”
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