The fintech – which aims to disrupt the mortgage industry – is launching its digital mortgage application in beta and plans to provide a final decision for the majority of customers within 24 hours.
Its range includes two-, three- and five-year fixed rates with deposits starting at 20%.
Customers who choose to remortgage through Molo will have access to zero product fees.
Molo will initially support applications for England and Wales, but plans to expand to the rest of the UK in the coming months.
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Francesca Carlesi, founder and CEO at Molo Finance (pictured above), said: “This is a first step for us towards the future of mortgages and finance.
“People in the UK have been left behind by the current legacy system for home financing; we aim at changing this, providing our customers [with] a quicker, easier and more cost-effective alternative to buy their homes.
“We are unlocking new possibilities for the industry through the use of technology and we look forward to passing over the benefits of this to people in the UK.”
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