The correct staking and protection network has added the expert purchase lender Modamortgages to its panel.
The newly launched Modamortgages offers loans to a variety of landlords, including those with small and large portfolios, limited company homes, multiple career/multi-unit freehold neighborhoods, individual and first-time landlord homes.
It is distributed specifically through the intermediate department, offering two- and five-year fixed-rate products and offers different fee options.
Wrexham-based digital bank Chetwood Financial itself was founded in 2016 to establish the BTL lender, which left its soft-start phase earlier this year.
The network said the partnership could be used for its BTL-accredited consultants, as well as those with collateral and protection advisor status.
Loan Victoria Clark’s head of Correct Mortgage and Protection Network said: “The BTL division is the core product area for us and the representative companies we appointed, so we must work with a variety of lenders to expand the products of our members and their consultants.
“We are passionate about improving standards in this area, so our recent certification program was launched and we are particularly pleased to work with Modamortgages and Chetwood Bank to develop these standards and support our members’ BTL recommendations.”
