Mortgage Brain has announced that ModaMortgages, the recently launched specialist buy-to-let lender, has joined its Sourcing Brain and Criteria Brain platforms.
The partnership will give intermediaries access to ModaMortgages’ product range, which caters to a wide variety of landlords, including first-time buyers, first-time landlords, limited companies, and those with small or large portfolios. The lender also offers products for HMOs and multi-unit freehold blocks (MUFBs).
ModaMortgages was created by Chetwood Bank, a UK-based digital challenger bank, with a focus on offering “smarter, faster, simpler” buy-to-let mortgage solutions. By integrating with Mortgage Brain’s platforms, the lender aims to streamline access for intermediaries, helping them search and compare criteria more efficiently.
SUPPORTING GROWTH IN BUY-TO-LET INVESTMENT
The move comes as interest in property investment continues to grow. According to UK Finance, 48,862 new buy-to-let loans were advanced in the UK during the third quarter of 2024, a 6.5% increase compared to the same period in 2023.
Darrell Walker, director of sales and distribution at ModaMortgages, said the integration with Mortgage Brain would enhance accessibility and efficiency for brokers.
He said: “We’re excited to announce that ModaMortgages’ products are now available on Sourcing Brain and Criteria Brain. Intermediaries using these platforms can have complete confidence that our product range is always up-to-date, so they can provide their clients with more certainty earlier in their mortgage search.
“This not only helps secure the deal faster but also simplifies the process, something we’re passionate about at ModaMortgages where smarter, faster, simpler mortgages are our focus. Given the speed and accuracy of Mortgage Brain’s tried and tested platforms, and the fact that they’re used by over 15,000 intermediaries, adding our products to Sourcing Brain and Criteria Brain was a no-brainer.”
ENHANCING MORTGAGE DISTRIBUTION
Neil Wyatt, sales and marketing director at Mortgage Brain, welcomed ModaMortgages to the platform, emphasising the benefits for brokers.
He added: “A very warm welcome to ModaMortgages. We’re delighted to team up with a lender who echoes our own vision of making mortgage distribution quicker and seamless for intermediaries with the most up-to-date technology. We’re excited about the opportunities ahead.”
