The Proper Mortgage & Safety Community has added specialist buy-to-let lender ModaMortgages to its panel.
Newly launched ModaMortgages lends to quite a lot of landlords, together with these with small and huge portfolios, restricted firm, homes in a number of occupation/multi-unit freehold blocks, particular person and first-time landlords.
It distributes solely through the middleman sector, providing each two- and five-year fixed-rate merchandise, with totally different charge choices.
Wrexham-based digital financial institution Chetwood Monetary, which itself was based in 2016, arrange the BTL lender, which left its mushy launch section earlier this 12 months.
The community says the partnership is accessible to its BTL-accredited advisers and people who maintain competent adviser standing for each mortgages and safety.
The Proper Mortgage & Safety Community head of lending Victoria Clark says: “The BTL sector is a core product space for us and our appointed consultant corporations, so it’s essential that we work with all kinds of lenders to broaden the product providing obtainable to members and their advisers.
“We’re eager to advertise improved requirements on this area, therefore our current accreditation scheme launch, and we’re notably happy to be working with each ModaMortgages and Chetwood Financial institution to develop these requirements and to assist the BTL recommendation propositions of our members.”
