At Molo, we aim to take the mortgage approval time down from a few weeks to a few minutes. Through digitising the process, we aim to make the process of purchasing a property significantly quicker than our competitors.
However, this may not always be possible. For example,
- depending on the information available and the outcome of our automated checks, we may need one of our underwriters to review your case, which is typically handled within a few working days.
- depending on the property characteristics and accuracy of our automated valuation, we may require a physical valuation on the property. In these cases, we would require you to pay for the physical valuation which typically takes 5 working days to book and get completed, before we can progress your application and provided a final outcome.
You can find out more on our how it works page