"In an increasingly complex market, digitally led propositions, such as Molo Finance, can help brokers save significant time on mortgage application processes"
TMA Club has added digital buy-to-let lender, Molo Finance, to its lender panel.
TMA Club’s directly authorised brokers can now access Molo’s range of buy-to-let mortgages, including limited companies, HMOs, first-time landlords and portfolio buy-to-let landlords.
Molo's proposition offers no minimum income requirements and it will accept both UK and non-UK nationals, with first-time landlords considered.
Molo's range offers standard HMOs up to 75% LTV and up to 20 mortgaged buy-to-lets for portfolio landlords. Student lets, corporate lets and holiday lets (including Airbnb) are all accepted.
Australian mortgage lender, ColCap, recently acquired an 80% shareholding in Molo. The lender has since expanded its buy-to-let product range with new products for multi-unit freehold blocks (MUFBs), designed to cater for properties with up to 6 units.
Lisa Martin, development director at TMA, commented: “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, CEO and co-founder at Molo Finance, added: “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.”
