Beneficial Network adds Molo Finance to lender panel

Beneficial Network has added Molo Finance to its lender panel, now allowing members access to Molo Finance’s range of buy-to-let (BTL) products.

Beneficial Network charges a flat monthly fee and offers 100% proc fees and commissions, so the money advisers earn, they keep.

They also provide a 100% file checking process, and offer over 90+ lenders for residential and commercial mortgages.

Mat Rees, chief executive officer at Beneficial Network, said: “Molo Finance is an exciting addition to our panel.

“Its innovative use of technology to fully underwrite mortgages online has the potential to ensure a quick and seamless application process for our Appointed Representatives (ARs) when placing BTL cases.

“At Beneficial Network, we are constantly looking for ways to enhance and develop the service we provide to our ARs, and we are confident that our members will be impressed by Molo’s fintech-driven approach to mortgages.”

Matt Kimber, chief executive officer at Molo Finance, added: “We are delighted to be partnering with Beneficial Network.

“We will now be offering our digital mortgage solutions to their independent advisors, simplifying the BTL client journey and working with the network to provide further innovation to the advisor community.”

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