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Paradigm Mortgage Services partners with Molo Finance

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  • 21/07/2021
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Paradigm Mortgage Services partners with Molo Finance
Mortgage distributor Paradigm Mortgage Services has entered into a partnership with lender Molo Finance to give members access to its digital mortgage services and buy-to-let (BTL) products.

 

Molo Finance was launched in 2017 and underwrites mortgages entirely online.

The lender currently offers BTL purchase and remortgage products for individual and limited company borrowers. Products are available on a two and five-year fixed rate options between 65 and 80 per cent LTV.

The lender also has standard and houses in multiple occupancy options.

Paradigm Mortgage Services head of mortgages John Coffield said: “We are very pleased to announce this new partnership with Molo Finance, one of those lenders at the cutting-edge in terms of the technology it uses and the process it wants to deliver to both advisers and their clients.”

He explained that technology was constantly moving the market forward as it sped up lender decisioning, underwriting and processing.

Molo’s co-founder and chief executive officer Francesca Carlesi (pictured) said: “We are delighted to partner with Paradigm Mortgage Services, which is one of the leading distributors in the mortgage industry and will add to the excellent partners we already have here at Molo.

“We’re excited to work with a broker who understands our mission and is forward-thinking in its approach.”

According to its website, Paradigm has relationships with over 50 BTL lenders, which include high street lenders such as Barclays, Santander and Natwest as well as more specialist lenders like Paragon, Zephyr Homeloans and Together.

Paradigm has also been improving is technology proposition, and teamed up with One Mortgage System earlier this year to give its members access to the technology provider’s client relationship management and workflow systems.

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