TMA Club, the mortgage and protection network, has expanded its lender panel with the addition of Molo Finance, the UK’s first fully digital, direct-to-consumer mortgage lender.
The partnership allows TMA’s directly authorised brokers to access Molo’s diverse range of buy-to-let mortgages, including options for limited companies, HMOs, first-time landlords, and portfolio buy-to-let landlords.
Since its launch in 2018, Molo has used its proprietary tech platform to deliver a faster, simpler, and fully online process for buy-to-let mortgages.
The partnership with TMA Club is set to benefit brokers through various features, including no minimum income requirement, acceptance of UK and non-UK nationals, consideration for first-time buyers and landlords, and allowances for up to 20 mortgaged buy-to-lets for portfolio landlords. The agreement also extends to new builds, including investor-led sites and contract reassignment.
Lisa Martin, development director at TMA, said: “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. 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 (pictured), CEO & co-founder at Molo Finance, expressed her excitement at the new venture: “We’re proud to be able to bring our buy-to-let products to one of the largest mortgage and protection distributors, TMA Club.
“By using our proprietary technology, brokers will be able to support many more customers to invest in property. We’re looking forward to working with TMA Club and provide its members with access to our digital mortgage proposition.”
