Molo Finance has partnered with Brilliant Solutions, a distributor of mortgages that sits between mortgage brokers and lenders.
This partnership “further underlines Molo’s ambitions to offer fully-digital mortgages on a larger scale and it will provide Brilliant Solutions’ membership of directly authorized (DA) brokers with access to Molo’s extensive specialised buy-to-let product range.”
Molo are “offering products for Investor Led, Holiday Let, and New Builds, in addition to previous products like HMO and Portfolio Landlords being updated on Fixed, Variable and Tracker rates.”
Providing landlords more investment choices, “with the goal to support them through the current challenging market environment.”
As the UK’s first digital lender, Molo uses technology “to give customers an entirely paperless mortgage experience where the entire process takes place online.” Consequently, Molo can reportedly “offer mortgages to customers in days.”
Brilliant Solutions claims it is “the ideal partner for Molo, with its tight-knit and family-run setup forming the backbone of the business.” It offers “a vast range of services and will include Molo’s digital mortgage offering in its product line.”
Francesca Carlesi, CEO and Co-Founder of Molo, said:
“This is an exciting partnership with Brilliant Solutions, who are an innovative company in the mortgage market. They are the perfect fit for Molo, and we look forward to working with them to further benefit the options available to customers who can get a mortgage with Molo’s entirely online application“.
Matthew Arena, Managing Director at Brilliant Solutions echoes Francesca’s comments, remarked:
“Innovation is the key to better outcomes for all and it is fantastic to see the approach adopted by Molo. We are pleased to partner with them and look forward to seeing how their exciting proposition delivers for brokers, clients and how the proposition develops in the months and years to come.“
As noted in the update, Molo is a Fintech start-up that is “transforming the mortgage industry as Europe’s only digitally native mortgage lender.”
Since it launched in 2018, the start-up “uses technology to deliver simpler and faster online mortgage lending – making homeownership easier for everyone.”
Molo’s primary goal is “to fix what is fundamentally broken in the mortgage market: cumbersome, inefficient, and slow processes, which become fast, real-time decisions.”
Since its launch, Molo has “led change in the UK mortgage industry, delivering online buy-to-let mortgage loans to customers with both speed and efficiency.”
Molo is FCA regulated, “providing residential mortgages as well as buy-to-let.”
As mentioned in the announcement, Brilliant Solutions is “a trading style of Exclusive Connections Limited.” The company “formed in 1996 and formerly traded as Exclusive Connections, one of the largest distributors of mortgages in the UK.”
Brilliant Solutions is “a mortgage club and specialist mortgage packager in the residential, buy to let, secured & commercial sectors.”
The business “serves a range of networks and brokerages focusing on getting the right solutions for the broker and their clients regardless of distribution channel and regardless of product type.”
