Molo is breaking the mould when it comes to mortgage loan applications, offering an online alternative that can be completed in a few minutes.
Founders: Francesca Carlesi and Leo Grünstein
Founded: 2018
Website: molofinance.com
Almost everything can be done online these days: ordering sushi, booking cabs, even yoga classes. So, why shouldn’t mortgage applications – one of the most time-consuming endeavours out there – follow suit? Please welcome Molo to the startups 100 stage.
The UK’s first digital-only mortgage provider, Molo wants to make the whole process quicker and easier in this digital age. With Molo, you can forget about piles of paperwork and tiresome meetings at the bank. Instead, you can get your buy-to-let mortgage in minutes. Molo is also launching residential mortgages in the coming months.
Founded by Francesca Carlesi and Leo Grünstein in 2018, Molo featured in our 2020 list at number 57, proving it still has the ambition to keep growing and trying new things to help house-hunters and businesses alike.
With Molo, you can forget about piles of paperwork and tiresome meetings at the bank. Instead, you can get your buy-to-let mortgage in minutes.
For instance, it now makes it easy to get additional products like home insurance, while it’s also expanding its services to help businesses. Primarily a customer-focussed brand, Molo now works with a variety of Broker clubs including Connect Brokers, Mortgage Advice Bureau, and HLPartnership.
How does the application process work, then? You simply answer a few questions about your eligibility, then you’ll get a decision in principle in minutes. This is followed by a quick discussion about the type of property and mortgage you’d like, then the usual ID checks and so forth.
Primarily a customer-focussed brand, Molo now works with a variety of Broker clubs including Connect Brokers, Mortgage Advice Bureau, and HLPartnership.
Molo’s made it quicker and easier for you to get on – or further up – the property ladder, bringing the future of mortgage applications to your doorstep, right now.
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