Mortgage and protection network, Beneficial, has added digital lender Molo Finance to its lender panel.

The move means Beneficial’s members can now take advantage of Molo Finance’s range of Buy-to-Let (BTL) products.

Beneficial Network charges a flat monthly fee and offers 100% procuration fees and commissions.

They provide a 100% file checking process, plus offer over 90+ lenders for residential and commercial mortgages as well as providers who offer protection, general insurance and equity release.

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, houses in multiple occupation, and multi-unit freehold blocks.

Beneficial Networks chief executive Mat Rees commented: “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 AR (ARs) when placing BTL cases.”

He added: “At Beneficial Network, 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.”