Chetwood Bank has become an associate member of the Bridging & Development Lenders Association (BDLA), strengthening links between the buy-to-let and bridging sectors.
Through its Moda Mortgages and CHL Mortgages brands, the bank provides buy-to-let products for portfolio landlords, limited companies, individual investors and first-time landlords.
The BDLA, the UK’s sole trade body dedicated to bridging and development finance, now counts almost 100 lender and associate members. Collectively, its lender members manage loan books totalling nearly £13 billion.
Vic Jannels, chief executive of the BDLA, said: “We are very pleased to welcome Chetwood Bank as the latest associate member of the BDLA. On the surface, it may seem a little odd to welcome a lender as an associate member, but as a buy-to-let specialist, Chetwood Bank offers loans that provide a vital exit strategy to the customers of our lender members.
“In joining our association, Chetwood Bank has recognised the crucial role a term loan exit strategy for bridging finance and the importance of establishing closer communication between our sector and the wider mortgage industry.”
Roger Morris, group distribution director at Chetwood Bank, added: “We’re delighted to be joining the BDLA as an associate member.
“The bridging and development sector is one we deeply respect, and as a specialist term lender, we recognise the critical role we play in providing viable exit strategies that support successful bridging outcomes.
“With our CHL and Moda Mortgages brands, we offer a comprehensive range of buy-to-let solutions tailored for portfolio and first-time investors alike.
“This collaboration with the BDLA reflects our commitment to strengthening connections across the specialist finance ecosystem and supporting brokers with joined-up, customer-focused lending solutions.”
