Molo Finance mortgage review
Discover whether a buy-to-let mortgage from digital-only lender Molo Finance could be suitable for you.
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Molo Finance is one of a new wave of online-only lenders aiming to disrupt the UK mortgage market by arranging competitive mortgages fast online. Molo offers buy-to-let mortgages and was the UK’s first fully digital, direct-to-customer mortgage lender when it launched in 2017.
Molo says it aims to offer customers a more seamless mortgage process, by using an advanced data platform and a speedy and easy application process that asks customers the least amount of questions, leading to faster approval times and quicker access to borrowing.
You can only apply for Molo Finance mortgages through its website. There is no phone number, however you can email the team at support@molofinance.com to book a call, or talk through a live chat service located on the website. The lender is also active on all major social media platforms.
You can apply for a Molo Finance mortgage by clicking the Apply Now button on the top right corner of its website. This will take you to the application page, where you first choose your mortgage type and size. You’ll be asked to fill in a few personal details then submit your application.
The lender will perform a credit check before emailing you a quote. Molo Finance says the application process should only take a few minutes.
Before you submit your application, you’ll be asked to confirm that you meet the following eligibility criteria for individuals:
If the idea of arranging a hassle-free buy-to-let mortgage online sounds appealing, Molo Finance could be the lender for you. It should only take a few minutes to apply and then get a quote, and it offers a range of mortgage payment options.
However, at the moment Molo Finance only offers buy-to-let deals, even though it says it will expand into offering residential mortgages soon, so it won’t suit everyone right now. Use our guides to research other providers to get the best deal suited to your needs.
A breakdown of what you might pay monthly over the life of a £200,000 mortgage.
A breakdown of what you might pay monthly over the life of a £150,000 mortgage.
A breakdown of what you might pay monthly over the life of a £1,000,000 mortgage.
A breakdown of what you might pay monthly over the life of a £450,000 mortgage.
A breakdown of what you might pay monthly over the life of a £400,000 mortgage.
A breakdown of what you might pay monthly over the life of a £100,000 mortgage.
A breakdown of what you might pay monthly over the life of a £250,000 mortgage.
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