Specialist buy-to-let (BTL) lender ModaMortgages has been added to Paradigm’s lender panel, giving brokers access to its BTL deals.
ModaMortgages lends to a variety of landlords with small or large portfolios, limited companies, individuals, first-time buyers and first-time landlords, along with houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).
Mortgage options include lifetime tracker deals and a choice of percentage and fixed-fee options.
Deals go up to 75% loan to value (LTV), top slicing is available, and there is no minimum income for loans less than £1m.
Borrowers can be employed, self-employed, contractors or retired with pension income.
ModaMortgages opened to the wider market last week.
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Richard Howes (pictured), director of mortgages at Paradigm, said: “We’re very pleased to be bringing a relatively new lender, ModaMortgages, onto our panel, providing our member firms with access to a new range of specialist buy-to-let products available to a wide range of landlord borrower types.
“ModaMortgages offers a 100% online process plus an experienced adviser support team to ensure cases can move through as simply and quickly as possible. This will no doubt appeal to our adviser members who work with landlord clients, and we’re looking forward to working with the ModaMortgages team and introducing its offering to our firms.”
Darrell Walker, director of sales and distribution at ModaMortgages, added: “Joining the Paradigm Mortgage Services’ panel allows us to offer our extensive range of specialist mortgage solutions to a wider network of intermediaries.
“Together, we’re committed to delivering innovative, flexible, customer-centric options, and we look forward to working closely with Paradigm members to support their clients’ increasingly diverse borrowing needs.”
