Mortgage Brain, the leading provider of mortgage technology, welcomes recently launched, ModaMortgages, to its Sourcing Brain and Criteria Brain platforms. This new partnership will enable intermediaries to access the specialist lender’s buy-to-let mortgage range.
ModaMortgages was created by Chetwood Bank, a UK-based digital challenger bank. Its aim is to be the no-nonsense lender of ‘smarter, faster, simpler’ buy-to-let mortgages. ModaMortgages offers products for a variety of landlords, including small or large portfolios, limited companies, individuals, first-time buyers and first-time landlords. They also lend on HMOs and MUFBs.
Key benefits for intermediaries include:
- Access to ModaMortgages’ 2 and 5 year fixed rate products
- Quickly search and compare up to six different criteria categories simultaneously
- Tailor searches by flagging critical or deal-breaker criteria
- Fuss-free product sourcing means ‘right-first-time’ applications for clients
- Fast, intuitive searches via online platforms
This strategic move to join Sourcing Brain and Criteria Brain will help ModaMortgages cater to a growing interest in property investment. According to data from UK Finance, there were 48,862 new buy-to-let loans advanced in the UK in Q3 of 2024, up 6.5% compared with the same quarter in 2023*.
Mortgage Brain’s award-winning platforms are widely recognised and utilised by over 15,000 intermediaries throughout the UK.
Find out how Criteria Brain can save you time on complex cases
Darrell Walker, Director of Sales and Distribution, ModaMortgages
“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 that 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.”
Neil Wyatt, Sales & Marketing Director, Mortgage Brain
“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.”
* https://www.ukfinance.org.uk/data-and-research/data/buy-to-let-lending
