The team at Molo Finance is pleased to launch Rapid remortgage, a new service helping investors “get an offer on their buy-to-let mortgage in just 24 hours.”
A typical remortgage process “takes a lengthy time, which is why they’ve streamlined their approval process for customers looking to remortgage and lock in their lower rates as soon as possible.” You may check out the firm’s mortgage rates for more details.
Powered by their automated decision engine, Rapid Remortgage is described as “a game-changing way to remortgage your property, helping investors get an offer on their buy-to-let mortgage in just 24 hours, subject to receiving all the relevant information and qualifying for an automated property assessment.”
All offers “give customers certainty on their remortgage well in advance of the end of their current fixed-term and avoid expensive, standard variable rates.”
Speaking about Rapid Remortgages, Francesca Carlesi, CEO and Co-Founder at Molo, said:
“The customer experience is always at the forefront of everything we do. Molo’s automation engine streamlines the remortgaging process and offers approvals in just 24 hours, at competitive rates to help landlords save time and money. It means they can achieve their goals sooner, even in the current climate.”
As covered recently, Molo Finance announced that Australian mortgage lender ColCap has acquired an 80% shareholding in Molo.
This follows “on from the strategic partnership with Molo and ColCap entered into last year.”
The investment will “allow Molo to benefit from ColCap’s depth of funding and mortgage product expertise to capitalize on its growth potential while continuing to operate under the current management team as an independent company within the ColCap group.”
Whilst, ColCap will “leverage Molo’s digital expertise and accelerate its international expansion into the £310 billion UK mortgage market.”
Francesca Carlesi, CEO and Co-Founder at Molo said (in March 2023):
“Molo has always been focused on using technology to simplify the mortgage process and make it more accessible to customers. This transaction marks the start of an important new chapter for Molo, allowing us to expand our reach and accelerate our growth. Together we will continue to innovate our products and deliver exceptional levels of customer service.”
Andrew Chepul, CEO of ColCap added (last month):
“We are excited to welcome Molo to the ColCap group. Through a combination of Molo’s digital distribution capabilities and ColCap’s funding and mortgage product structuring expertise, we look forward to making significant inroads into the UK’s large addressable market.”
