GetGround and Molo team up for new BTL service

GetGround and Molo have announced a new partnership that executes all the essential administration underpinning BTL purchases in one comprehensive service.

Under the terms of the collaboration, the two firms will integrate their platforms, providing customers with a unique opportunity to complete their BTL purchases.

This will enable UK BTL investors and landlords to form a company, open a current account and secure mortgage finance in three interconnected steps, all within the same single process. 

The new service is specifically designed to offer advantages to both companies — GetGround customers seeking BTL mortgages to fund their investment purchases will benefit from a fast transition to Molo to make instant applications for finance.

Meanwhile, Molo customers who choose to purchase their investment properties through companies will be able to switch over to GetGround to do so, before returning to Molo in one click to continue their mortgage application.

The partnership has already been tested during a short beta phase.

Moubin Faizullah Khan, co-founder and CEO at GetGround, said: “This partnership creates one comprehensive service that never before existed. 

“It’s an innovation that  significantly reduces the cost, time and admin-induced headaches that these requirements all too often create for our customers when handled in isolation.

“Our tech-savvy customers come to GetGround because they value how quickly and efficiently we can help them form and manage their investment companies. 

“It’s no wonder that they want and expect the same high level of service from their mortgage lender. 

“We’re delighted therefore that our first lender relationship has been forged with Molo; its digital approach is fast setting the standard for mortgage lending in the sector.”

Francesca Carlesi, co-founder and CEO at Molo, added: “Through this partnership, customers can easily set up a limited company and realise their BTL ambitions with a fast and easy-to-use service. 

“Whether it’s with GetGround or Molo, they’ll receive the same unique experience and the same combination of benefits.”

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