Legal & General Mortgage Club has added fintech business Molo Finance to its lender panel.

Molo Finance, founded in 2017, says it is a fully-digital buy-to-let lender, underwriting all mortgages online and using technology to make “real-time lending decisions”.

Legal & General Mortgage Club adds that the new lender’s criteria will be included in its SmartrCriteria tool, allowing advisers to check whether their clients’ meet Molo’s lending requirements.

The Club says Molo Finance follows two other buy-to-let lenders – Habito and West One – which were added to the panel in January.

Legal & General Mortgage Club head of lender relationships Danny Belton says: “The last twelve months has seen a number of additions to Legal & General Mortgage Club’s offering from across the market, providing advisers with even more choice for their clients. Now our members will be able to access Molo Finance’s innovative proposition.”

Belton adds: “This is a buy-to-let lender that is switched on to technology and which can provide advisers which quick decisions. That matters more than ever in today’s busy mortgage market, and at a time when people across the country are taking a greater interest in the buy-to-let sector.”

Molo Finance chief executive and co-founder Francesca Carlesi says her firm’s “proprietary technology” gives its “customers certainty about their mortgages in minutes rather than weeks”.