Newly launched specialist lender ModaMortgages has been added to Mortgage Advice Bureau’s (MAB) panel.
The move means MAB’s mortgage advisers will now have access to the lender’s range of buy to let products. Their offering is available to a variety of landlord types, including those with small or large portfolios, individuals, limited companies, first-time buyers and first-time landlords. It also lends on both houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).
ModaMortgages distributes exclusively via intermediaries and was created by the UK-based digital challenger bank, Chetwood Bank.
MAB is one of the UK’s leading mortgage intermediary brands, with more than 2,000 advisers offering expert advice on a local, regional and national level to consumers.
ModaMortgages’ Director of Sales and Distribution, Darrell Walker, said: “I’m pleased to announce our immediate inclusion on MAB’s lender panel.
“This development provides all their mortgage advisers with access to our proposition. I believe our broker-centric approach will really appeal to brokers who are looking to add real value and will prove to be an immediate success.”
Rachel Geddes, Strategic Lender Relationship Director, Mortgage Advice Bureau, added: “We’re excited to be welcoming ModaMortgages to our lenders’ panel.
“We’re always looking to work with lenders who place innovation at the heart of everything they do and support our broker partners to find more solutions for our customers. ModaMortgages’ broker-friendly proposition, clear and transparent criteria, and competitiverates will really resonate with brokers looking to meet their customers’ specialist borrowing needs.”
