ModaMortgages, a new specialist buy to let mortgage lender, has announced what it calls “a controlled launch.”
Working exclusively through intermediaries, ModaMortgages says it will lend to a wide variety of landlords, including small and large portfolios, limited companies, individuals, and first-time landlords.
During its controlled launch period it will be working with a limited number of specialist distributors and packagers; a full national launch will follow in the coming months.
Wrexham-based digital bank Chetwood Financial has been preparing for ModaMortgages’ launch over the past two years, as well as establishing itself in the specialist lending sector with the acquisition of CHL Mortgages for Intermediaries in May earlier this year.
A statement says the lender will “focus on delivering an exceptional, fast and transparent service that will resonate with intermediaries keen to work with uncomplicated, reliable lenders.”
And a spokesperson adds: “Our leadership team has vast experience in mortgages and specialist lending, and we’re completely aligned in our belief that the market is crying out for smarter, faster, simpler buy to let mortgages. ModaMortgages is built on honesty and transparency, and we’re confident that brokers will relish working with us. We’re really excited to start lending to their clients.”
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