Chetwood Bank has joined the Bridging & Development Lenders Association (BDLA) as an associate member.
The lender, which offers buy-to-let (BTL) mortgages through its Moda Mortgages and CHL Mortgages brands, provides loans for portfolio investors, individual or limited company operations, and first-time investors.
The BDLA is the UK’s only trade body dedicated to bridging and development finance and is now approaching 100 lender and associate members. Its
Lender members of the association, which collectively support a loan book of nearly £13bn, have joined the body with commitments to raising standards, promoting best practice, and supporting sustainable growth across the bridging and development finance sector.
CEO of the BDLA, Vic Jannels, commented: “On the surface, it may seem a little odd to welcome a lender as an associate member, but as a BTL specialist, Chetwood Bank offers loans that provide a vital exit strategy to the customers of our lender members.
“In joining our association, Chetwood Bank has recognised the crucial role a term loan exit strategy for bridging finance and the importance of establishing closer communication between our sector and the wider mortgage industry.
Group distribution director at Chetwood Bank, Roger Morris, added: “We’re delighted to be joining the BDLA as an associate member. The bridging and development sector is one we deeply respect, and as a specialist term lender, we recognise the critical role we play in providing viable exit strategies that support successful bridging outcomes.
“With our CHL and ModaMortgages brands, we offer a comprehensive range of buy-to-let solutions tailored for portfolio and first-time investors alike. This collaboration with the BDLA reflects our commitment to strengthening connections across the specialist finance ecosystem and supporting brokers with joined-up, customer-focused lending solutions.”
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