It enters the market with tailored products and exclusive intermediary partnerships
ModaMortgages, a new specialist buy-to-let lender from Chetwood Bank, has launched, promising “smarter, faster, simpler” lending exclusively through intermediaries.
The new lender aims to serve a wide range of landlords, including individual landlords, first-time landlords, limited companies, small and large portfolio landlords, and those seeking financing for houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).
ModaMortgages has expanded its distribution network, now accepting BTL applications from mortgage clubs such as 3mc, Brilliant Solutions, L&G Mortgage Club, Paradigm, PMS, and SimplyBiz. Networks including Connect, Cornerstone, HL Partnership, InPartnership, The Mortgage Group, New Leaf, and Sesame have also joined its panel.
The lender has also introduced a limited edition range of two- and five-year BTL products with rates starting at 3.74% up to 75% loan-to-value (LTV), with fee options of 2.5% or 5.5%.
“The official launch of ModaMortgages is the culmination of two years of hard work and dedication, so it’s an incredibly exciting time for us,” said Darrell Walker (pictured), director of sales and distribution at ModaMortgages. “The controlled launch period was hugely successful, and the traction we’ve had has been really pleasing.
“Our ethos is all about doing the basic things really well – that’s our mantra: smarter, faster, simpler. We offer a great broker-friendly proposition, clear and transparent criteria, certainty up front and competitive rates, all backed up by a team that has a mass of mortgage experience and industry knowledge.
“Our sales team covers all of England and Wales. They’re hungry and will be a breath of fresh air in the market.”
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