Its DA brokers gain access to the digital lender's range of BTL mortgages
Mortgage distributor TMA Club has announced the addition of Molo Finance to its lender panel, providing its directly authorised brokers access to the digital lender’s range of buy-to-let mortgages.
These mortgages include limited companies, houses in multiple occupation (HMOs), first-time landlords, and portfolio buy-to-let landlords.
Molo launched in the UK in 2018 as the first fully digital, direct-to-consumer mortgage lender, with a proprietary tech platform delivering simpler and faster online, paperless, buy-to-let mortgages.
Highlights of the partnership for TMA brokers include:
- No minimum income required
- Accepts UK and non-UK nationals
- First-time buyer and first-time landlords considered
- Maximum of six units on multi-unit freehold block
- Standard HMOs up to 75%
- Up to 20 mortgaged buy-to-lets for portfolio landlords
- Student lets, corporate lets, and holiday lets accepted
- New build, including investor-led sites and contract reassignment.
TMA are now offering you another BTL lending option with the launch of Molo Finance.
— TMA (@TMAMortgageClub) May 9, 2023
Fast and safe, Molo’s online platform is backed by bespoke technology partners to deliver mortgage loans in days.
Find out more - https://t.co/6pP3uv3E1O#TMAGoingFurther #TMALenderLaunch pic.twitter.com/hlUzydT5R4
“In an increasingly complex market, digitally led propositions, such as Molo Finance, can help brokers save significant time on mortgage application processes – time which could be better spent assisting clients,” Lisa Martin (pictured), development director at TMA Club, commented.
“As such, we’re very pleased to be partnering with Molo Finance, and we’re confident that this partnership will add real value to our lender panel.”
Francesca Carlesi, chief executive and co-founder at Molo Finance, added that they, too, were proud to be able to bring their buy-to-let products to one of the largest mortgage and protection distributors in TMA Club.
“By using our proprietary technology, brokers will be able to support many more customers to invest in property,” Carlesi said. “We’re looking forward to working with TMA Club and provide its members with access to our digital mortgage proposition.”
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