Beneficial Network has announced that it has added digital lender, Molo Finance, to its lender panel.

The move means that members of the mortgage and protection network can now take advantage of Molo Finance’s range of buy-to-let (BTL) products.

Molo Finance caters to both experienced and first-time landlords residing not only in the UK but also non-residents based overseas.

It lends on various property types, including new builds, holiday lets, HMOs and MUFBs.

The Beneficial Network charges a monthly flat fee and offer 100% procuration fees and commissions, so advisers keep the money they earn.

The firm provides a 100% file checking process and offers of 90 lenders for residential and commercial mortgages, as well as providers who offer protection, general insurance and equity release.

Chief executive officer at Beneficial Network, Mat Rees, said: "Molo Finance is an exciting addition to our panel. Its innovative use of technology to fully underwrite mortgages online has the potential to ensure a quick and seamless application process for our appointed representatives (ARs) when placing BTL cases.

"We are constantly looking for ways to enhance and develop the service we provide to our ARs, and we are confident that our members will be impressed by Molo’s fintech-driven approach to mortgages."

Chief executive officer at Molo Finance, Matt Kimber, added: "We are delighted to be partnering with Beneficial Network. We will now be offering our digital mortgage solutions to their independent advisors, simplifying the BTL client journey and working with the network to provide further innovation to the advisor community."

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