Lender is 41st to take advantage of Panel Link® for its conveyancing needs
ModaMortgages, the newly launched specialist buy-to-let (BTL) mortgage lender from Chetwood Bank, is to partner with LMS, the UK’s leading conveyancer and panel management specialist, becoming the 41st lender to take advantage of LMS Panel Link®.
The lender aims to make BTL mortgages smarter, faster and simpler, focusing on delivering a fast, transparent and stress-free service to brokers.
Through its unique Panel Link® service, LMS will provide ModaMortgages with a fully vetted, secure panel that meets its exact requirements.
LMS will also provide a range of component products to further reduce risk and deliver operational efficiencies in the house buying and remortgaging process. This includes bank account checks and due diligence, a speed-enhancing case instruction portal, and electronic mortgage offers and valuation uploads, which reduces risk and time in sharing critical documents with conveyancers, while also ensuring a secure and documented data trail.
LMS Panel Link® will help to streamline the conveyancing process for ModaMortgages, providing a database of suitable firms that can work with each customer looking to take out a BTL mortgage.
Commenting on the news, Suzanne O’Connor, Chief Relationship Officer at LMS said:
“The fact that ModaMortgages is trusting LMS is yet another vote of confidence that Panel Link® is one of the best offerings on the market. The values of the brand are very much aligned with our own – finding the best possible way to serve the end customer and making the conveyancing journey as seamless as possible for all involved – so it’s a fantastic partnership for us and we’re looking forward to a long-term relationship.”
Andrew Arwas, Managing Director of Mortgages, at Chetwood Bank, added:
“We’re on a mission to take the stress and complexity out of BTL mortgages for brokers. Building on the immense experience and expertise of our team, working with LMS Panel Link® will help us achieve this. Ultimately, ModaMortages and LMS are aligned in our desire to ensure the best possible journey for all stakeholders, and our smarter, faster, simpler approach will undoubtedly help the brokers we work with, and their BTL clients. We look forward to working closely with the LMS team.”