Mosaic adds Chelsea to lender panel

Mosaic 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 winning combination.”