Molo joins finova Payment and Mortgage Services’ lender panel

Molo has joined over eighty lenders on finova Payment and Mortgage Services’ panel, offering products from standard mortgages to specialist and niche lending solutions.

Through this partnership, members will have access to Molo’s diverse range of online mortgage products, removing the need for paperwork or appointments. These products also allow brokers to process an application in a few days rather than weeks.

By operating entirely online with automated processes, Molo can deliver decisions that are both faster and more transparent than high-street banks, offering a decision in principle in less than two minutes.

Meanwhile, finova’s members will benefit from products such as buy-to-let mortgages up to 80% LTVs, up to 24-hour turnaround remortgage offers, with flexible two and five-year fixed and variable rates.

Commenting on this partnership, Sasha Sprake, Head of Business Development at finova Connect, has said:

“Customer choice is our foremost priority at finova, and the addition of Molo will ensure our members can offer an efficient and fully digital service to their customers through the finova platform.

“Today, customers are familiar with seamless digital experiences, whether they are paying for a weekly shop or organising their savings. It’s only natural that they would expect the same level of service from a mortgage application.

“We are delighted to be partnering with Molo, whose dedication to the consumer with their fully digital and automated originations process will be a great benefit to our members.”

Peter Charge, Head of Intermediary Sales at Molo, added:

“At Molo, we recognise the importance of supporting clubs and networks and are thrilled to join finova Payment and Mortgage Services’ lender panel to help even more borrowers access our online mortgages.

“As Europe’s only digitally native mortgage partner, it makes sense for us to partner with a tech-first firm like finova, and we’re excited to help its broker network offer their customers a simpler and faster digital mortgage journey.”