
The Right Mortgage & Protection Network has added specialist buy-to-let lender ModaMortgages to its panel.
Newly launched ModaMortgages lends to a variety of landlords, including those with small and large portfolios, limited company, houses in multiple occupation/multi-unit freehold blocks, individual and first-time landlords.
It distributes exclusively via the intermediary sector, offering both two- and five-year fixed-rate products, with different fee options.
Wrexham-based digital bank Chetwood Financial, which itself was founded in 2016, set up the BTL lender, which left its soft launch phase earlier this year.
The network says the partnership is available to its BTL-accredited advisers and those who hold competent adviser status for both mortgages and protection.
The Right Mortgage & Protection Network head of lending Victoria Clark says: “The BTL sector is a core product area for us and our appointed representative firms, so it’s important that we work with a wide variety of lenders 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 to develop these standards and to support the BTL advice propositions of our members.”