Molo introduces Rapid Remortgage, with approvals within 24 hours

Molo Finance, the UK’s first fully digital mortgage lending platform, has launched Rapid Remortgage. Powered by its automated decision engine, Rapid Remortgage helps investors get an offer on their buy-to-let mortgage in just 24 hours. Typically the remortgage process is unnecessarily lengthy, and with the recent Bank of England base rate rises, Molo recognises the challenges landlords currently face. That’s why we’ve streamlined our approval process for customers looking to remortgage and lock in our lower rates as soon as possible. In addition to a speedier approval process, Molo’s customers also benefit from reduced mortgage rates, such as:

• Five-year fixed starting from 4.99% for Individuals, with a 3.25% product fee on
• Five-year fixed starting from 4.99% for Limited Companies, with a 3.25% product fee
•  Two-year fixed starting from 5.50% for Limited Companies, with a 1.75% product fee
• All products are applicable across 65% and 75% LTV

The digital lender says that utilising automated property and rental valuations, along with its automated decision-making system, will enhance all remortgage applications by speeding up the time to offer and eliminating manual processing. An offer, if eligible, will be issued within 24 hours from applying, subject to receiving all the relevant information and qualifying for an automated property assessment. All offers give customers certainty on their remortgage well in advance of the end of their current fixed-term and avoid expensive standard variable rates. Francesca Carlesi, CEO and Co-Founder at Molo says “The customer experience is always at the forefront of everything we do. Molo’s automation engine streamlines the remortgaging process and offers approvals in just 24 hours, at competitive rates to help landlords save time and money. It means they can achieve their goals sooner, even in the current climate.”