Paradigm adds Molo Finance to lender panel

Paradigm Mortgage Services has added Molo Finance to its lender panel.

Paradigm member firms will now have access to the lender’s digital mortgage services, including the technology it uses to speed up the lending process and provide a paperless experience.

Molo Finance currently offers a range of BTL purchase and remortgage products underwritten entirely online for both individual and limited company borrowers.

Its range, which includes two- and five-year fixed-rate options from between 65% to 80% LTV, covers both standard and HMO properties. 

John Coffield, head of mortgages at Paradigm, said: “Technology is continually moving the mortgage market forward in terms of speeding up lender decisioning, underwriting and processing. 

“Paradigm have long been advocates of technology and innovation which supports advisers and creates efficiencies within the mortgage application process. 

“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.”

Francesca Carlesi, CEO and co-founder at Molo, 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. 

“Recognised as the best mortgage club in the UK, and with more than 15 years’ experience, Paradigm is well-positioned to offer Molo products to its clients. 

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

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