12 Mar, 2008
Mortgage Club has added Chelsea to its lender panel.
It increases the total number of lenders available to the
club's 1,200 club members to 40, including those available
through the club's exclusive packager c2 financial.
Tony Smith, managing director of Mosaic, says: "We are delighted to
welcome Chelsea as the latest lender on our panel. Many of our
members have been requesting this addition and will no doubt be
eager to start transacting more business with the mutual through
the club, in order to earn more profit share".
He adds: "Chelsea has some very attractive product criteria,
particularly in the areas of sub-75% LTV non conforming loans
through its Prospect range and 80% LTV buy-to-let range, which
requires just 110% rental cover."
Bob Gore, key account manager for the Chelsea, says: "Choice
and competition are essential in any marketplace and we are
therefore delighted to be joining Mosaic's lender panel.
"Its expertise and our wide product offering should prove a