Paradigm Mortgage Services has partnered with digital mortgage lender Molo Finance.
Paradigm member companies will have access to Molo Finance’s digital mortgage services, including the technology it uses to speed up the lending process and deliver a paperless experience.
The lender currently offers a range of purchase and re-mortgage (BTL) products for individual borrowers and limited companies.
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These cover both standard properties and multiple occupancy homes (HMOs), and offer 2 and 5 year fixed rate options ranging from 65% to 80% loan-to-value (LTV).
Molo offers fully underwritten mortgages online, with the aim of providing a decision in principle within minutes, while full review of applications can be processed within 24 hours.
John Coffield, Mortgage Manager at Paradigm Mortgage Services, said: “Technology is continually advancing the mortgage market in terms of accelerating decision making, underwriting and processing lenders.
“Paradigm has long been an advocate for technology and innovation that supports advisors and creates efficiencies in the mortgage application process.
“We are very happy to announce this new partnership with Molo Finance, one of those lenders at the cutting edge of the technology he uses and the process he wants to offer to advisors and their clients.
“We look forward to working with the Molo team to present their proposal to our member firms.”
Francesca Carlesi, Managing Director and Co-Founder of Molo, said: “We are delighted to partner with Paradigm Mortgage Services, which is a leading distributor in the mortgage industry and will add to the great partners we already have. here at Molo.
“Recognized as the best mortgage club in the UK and with over 15 years of experience, Paradigm is well positioned to bring Molo products to its customers.
“We are delighted to be working with a broker who understands our mission and who is forward-thinking in his approach. “