It will utilise automated property and rental valuations to speed up the process
Digital mortgage lender Molo Finance has launched Rapid Remortgage, a new service available for landlords looking to remortgage their buy-to-let within 24 hours.
The lender said it has streamlined its approval process for customers looking to remortgage and lock in lower rates as soon as possible, knowing that, typically, the remortgage process is unnecessarily lengthy.
In addition to a speedier approval process, Molo’s customers also benefit from reduced mortgage rates on selected products, such as the following:
- Five-year fixed starting from 4.99% for individuals, with a 3.25% product fee
- Five-year fixed starting from 4.99% for limited companies, with a 3.25% product fee
- Two-year fixed starting from 5.50% for limited companies, with a 1.75% product fee
- All products are applicable across 65% and 75% loan-to-value (LTV)
We are excited to launch Rapid Remortgages, a new service helping investors get an offer on their buy-to-let mortgage in just 24 hours 🚀🚀
— Molo (@molofinance) April 4, 2023
More details on our Press Release can be found here: https://t.co/fMK0eYOs5y#fintechnews #mortgagenews #molofinance #rapidremortgages pic.twitter.com/4kv632TJrz
According to Molo, it will utilise automated property and rental valuations, along with its automated decision-making system, to speed up the time to offer and eliminate manual processing. An offer, if eligible, will be issued within 24 hours from applying, subject to receiving all the relevant information and qualifying for an automated property assessment.
Full details on Molo’s Rapid Remortgage service can be found on its website.
“The customer experience is always at the forefront of everything we do,” Francesca Carlesi (pictured), chief executive and co-founder at Molo Finance, commented. “Molo’s automation engine streamlines the remortgaging process and offers approvals in just 24 hours, at competitive rates to help landlords save time and money. It means they can achieve their goals sooner, even in the current climate.”
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