Posted by Simon Banks, January 6, 2022
A look back at 2021
A new year is here, which means it’s time to look ahead to the next 12 months. But before we get excited about everything 2022 has in store, such as residential mortgages, we thought now is the perfect time to reflect on 2021. And remember, you don’t know where you’re going until you know where you’ve been. So with that in mind, here’s a look back at Molo’s milestones in 2021.
3rd birthday celebrations
Molo celebrated its third birthday last year after launching in 2018. Since then, we’ve brought fully digital mortgages to the market in the buy-to-let sector, giving investors a smarter way to purchase buy-to-let properties.
Launching with more partners
2021 was about getting Molo in front of as many mortgage seekers as possible after a year of unprecedented growth. Within the last 12 months, we’ve broadened our intermediary distribution by launching with several new mortgage clubs and partner networks. The result is more customer access to Molo mortgages, whether they’re going directly through us or using a broker.
More products. More choices
Along with our individual buy-to-let product, we offered investors more options than ever before last year. From HMO products to mortgages for SPV companies and portfolio landlords, 2021 was the year when landlords had plenty of choices for navigating the mortgage market.
Better conveyancing for even faster mortgages
After listening to customer feedback, we ensured that offering a seamless conveyancing process that stood up next to our digital applications was a key target in 2021. To achieve this goal, we partnered with Optimus conveyancers to provide exclusive access to high-quality legal services and progress property purchases without delay. We look forward to 2022 being the year when customers enjoy a transparent and fluid mortgage experience, no matter the application stage.
And the winner is…
Awards aren’t everything, but getting recognised is a sign of quality and progress. And 2021 just so happened to throw up a few awards for Molo, including the ‘WOW moment in Lending’ at Fintech Finance Awards, Best Digital Mortgage Lender’ at the Fintech Awards via Wealth and Finance magazine and being featured in Top 100 StartUps for the 2nd time running. Molo wasn’t created for the accolades, but it’s always nice to be acknowledged for the hard work we’re doing in the mortgage industry.
Hot off the press
All eyes were on Molo last year as we garnered more press coverage than ever before. We were covered 145 times throughout the year, including in publications such as Daily Mail, The Metro, Money.co.uk, Mortgage Solutions, Mortgage Introducer and podcasts with TechTalks, Harvey Nash Group and more. Everyone was keen to know more about Molo and how we make mortgages entirely digital to speed up the lending process.
The next 12 months and beyond
Last year had plenty of eye-catching moments as we helped buy-to-let landlords realise their property ambitions. But 2022 will be even more exciting with the launch of residential mortgages, which opens up to the entire market. Whether you’re a first-time buyer or moving home, soon, you’ll be able to get a mortgage with Molo quickly and effectively. It means you can focus on the good parts of moving, like getting the keys to your home while our digital application works away in the background. Here’s to 2022.
Find out more about Molo’s first residential mortgage product
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