Molo Finance reveals that it has formed an intermediary partnership with Tenet Group, which is one of the largest financial advisor support groups in the United Kingdom.
This partnership will see Tenet provide Molo’s products to its advisers and client base, increasing their reach in the process and “helping more people purchase their next buy-to-let investment with an entirely paperless and fully digital mortgage,” according to a release.
Tenet reportedly has over 25 years of experience creating a “robust” proposition to cater for various financial advisor and customer requirements. With Molo’s digital products, Tenet will be able “to offer fully online mortgages and speed up the process for homebuyers who want access to borrowing.”
Francesca Carlesi, CEO and Co-Founder of Molo, stated:
“I’m excited to join forces with Tenet Group for this new partnership. As a result, borrowers will be able to access Molo’s mortgages through one of the UK’s largest financial adviser groups.”
Ben Wright, the Director of Strategic Development at Tenet, added:
“We’re really pleased to make Molo’s products available to our advisers. Molo’s online platform uses technology to create a great customer experience and chimes well with our own strategy of using technology to make everyone’s life a little easier.”
As previously reported, Molo launched in the UK at the end of 2018 “as the first fully digital, direct to consumer, mortgage lender in the UK, leveraging a proprietary tech platform to deliver simpler and faster online, paperless, buy-to-let mortgages.”
Molo’s vision is making home ownership “easier for everyone and this includes plans to offer residential mortgages in the future in addition to buy-to-let.”
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Tenet Group is a financial advisor support group, offering a range of services to “hundreds of appointed representative and directly authorized financial adviser firms across the UK.”
