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 property characteristics, we may need to instruct a physical valuation on the property. In these cases, we would need to wait for the surveyor’s response, typically 5 working days, before progressing the application and providing an outcome.