New lender joins LMS Panel Link to enhance efficiency in BTL conveyancing
Specialist buy-to-let lender ModaMortgages has partnered with conveyancing and panel management specialist LMS.
The partnership, which makes ModaMortgages the 41st lender to utilise LMS Panel Link, aims to enhance efficiency in the BTL mortgage process. LMS Panel Link will provide ModaMortgages with a fully vetted, secure conveyancing panel tailored to its requirements.
LMS will also offer additional risk management and efficiency tools, including bank account verification, due diligence checks, a case instruction portal for faster processing, and electronic mortgage offers and valuation uploads. These features are designed to improve security and reduce delays in document sharing with conveyancers.
By leveraging LMS Panel Link, the newly launched BTL mortgage lender from Chetwood Bank will also have access to a network of approved conveyancers, helping to streamline the homebuying and remortgaging process for BTL clients.
“The values of the brand are very much aligned with our own – finding the best possible way to serve the end customer and making the conveyancing journey as seamless as possible for all involved,” commented Suzanne O’Connor (pictured left), chief relationship officer at LMS. “It’s a fantastic partnership for us, and we’re looking forward to a long-term relationship.”
Andrew Arwas (pictured right), managing director of mortgages at Chetwood Bank, emphasised the lender’s focus on simplifying the BTL mortgage process.
“We’re on a mission to take the stress and complexity out of BTL mortgages for brokers,” he said. “Building on the immense experience and expertise of our team, working with LMS Panel Link will help us achieve this.
“Ultimately, ModaMortgages and LMS are aligned in our desire to ensure the best possible journey for all stakeholders, and our smarter, faster, simpler approach will undoubtedly help the brokers we work with, and their BTL clients. We look forward to working closely with the LMS team.”
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