The Right Mortgage & Protection Network has added specialist buy-to-let provider, ModaMortgages, to its lender panel.
ModaMortgages offer buy-to-let mortgage products to new and existing landlords with both large and small portfolios. It also lends to limited companies, first-time landlords, individuals and on more specialist properties such as houses of multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).
The lender, which was launched earlier this year by the UK-based digital challenger bank, Chetwood Bank distributes exclusively via the intermediary sector, offering both two- and five-year fixed-rate products, with different fee options.
The addition of ModaMortgages comes after The Right Mortgage recently launched a new Accreditation Scheme for advisers who offer advice services in the buy-to-let mortgage space.
The Right Mortgage is working closely with Roger Morris, group distribution director at Chetwood Bank on this scheme.
Available to individuals active within the network who fulfil the criteria, Buy-to-Let Accredited Advisers are designated as those who offer specialist advice in this product sector, who hold Competent Adviser Status with the network for both mortgages and protection and who commit to working closely with The Right Mortgage within the buy-to-let space.
Victoria Clark (pictured), head of lending at The Right Mortgage & Protection Network, said:“The buy-to-let sector is a core product area for us and our AR firms, so it’s important that we work with a wide variety of lenders in order to broaden the product offering available to members and their advisers.
“We are keen to promote improved standards in this space, hence our recent Accreditation Scheme launch, and we are particularly pleased to be working with both ModaMortgages and Chetwood Bank in order to develop these standards and to support the buy-to-let advice propositions of our members.
“We’re looking forward to sharing the ModaMortgages’ product and criteria offering with our firms and ensuring they secure positive outcomes for their landlord clients.”
Darrell Walker, director of sales and distribution at ModaMortgages, added: “We’re excited to be able to expand ModaMortgages’ proposition to The Right Mortgage & Protection’s network of AR firms.
“The partnership will allow its advisers to access our full range of buy-to-let products which have been designed to make buy-to-let borrowing smarter, faster and simpler for brokers and their landlord clients.”
