Monday, 8th April 2024: We are delighted to announce a new partnership with Mortgage and protection network, Beneficial.
This partnership means Beneficial’s members can now take advantage of Molo Finance’s extensive range of buy-to-let products.
Speaking about about the partnership, Molo’s CEO, Matt Kimber, says:
“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.”
Mat Rees, Chief Executive Officer at Beneficial Network adds:
“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.”
For more details, read the full press release here
About Molo Finance
Molo is an award-winning fintech that is transforming the mortgage industry as Europe’s only digitally native mortgage lender. Since it launched in 2018, Molo has used technology to deliver simpler and faster online mortgage lending.
Molo’s primary goal is to transform the broken mortgage market, moving away from cumbersome, inefficient, and slow processes, to fast, near real-time decisions. Since its launch, Molo has led change in the UK mortgage industry with over £1.7b mortgage applications submitted across our digital platform to date. Molo is backed by ColCap Financial Limited and has won several awards, including ‘Best Digital Mortgage Lender’ at the Fintech Awards and ‘Best Online Mortgage Lender’ at the Lending Awards.
In March 2023, ColCap Financial Limited, a leading Australian privately owned nonbank mortgage lender, acquired an 80% shareholding in Molo after the two companies entered a strategic partnership in 2022. This was a significant milestone in Molo’s history, strengthening Molo’s position in the market and opening up new possibilities for international growth and innovation.
About Beneficial
The network built for advisers by advisers, Beneficial strives to be different, with their unique market proposition, they keep the adviser at the heart of everything they do. The network was built by mortgage and protection advisers who wanted to change how networks are run, with that Beneficial was created.
With their flat monthly fee, they offer 100% Procuration fees and commissions, so the money you earn, you keep. They strive to help you build your brokerage and improve you as an adviser with their training and events on offer. With their market panels you are not restricted with the business you can write for your clients with their ever-growing lender and provider panels.
As part of the Beneficial mortgage network, you’ll have unrestricted access to regular events and ongoing training, workshops and webinars. They have group training and 1-2-1 training available both centralised and local to you.
Everything from the technology they use, to their 100% file checking process keeps you and your clients protected and compliant in an ever changing industry.
They offer over 90+ lenders for domestic and commercial mortgages as well as providers who offer protection, general insurance and equity release. They constantly add lenders and providers to their ever expanding panel.
Visit their website to find out more: www.beneficial-network.co.uk
