Paradigm has announced the addition of ModaMortgages to its lender panel, effective today, 13th January 2025.
This specialist buy-to-let mortgage lender offers a range of products for various landlord types, including first-time buyers, limited companies, and individuals.
ModaMortgages lends on houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).
Options include lifetime tracker rates with fixed fee choices, with key criteria allowing for top slicing to enhance affordability.
The lender provides products up to 75% loan-to-value (LTV) and has no minimum income requirement for loans under £1m, excluding first-time buyers.
Richard Howes, 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, said: “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.”
