Beneficial CEO Mat Rees described Molo Finance as an “exciting” addition to the panel, noting its “innovative use of technology” to underwrite mortgages online.  He said this could ensure a “quick and seamless” process for 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,” Rees said.

Molo Finance CEO Matt Kimber said the company is delighted to partner 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,” he said.

Molo Finance is the first fully digital mortgage lender in the UK, servicing both experienced and first-time landlords residing in and outside the UK.