Chetwood Financial Acquires CHL Mortgages, Expanding its Mortgage Lending Capabilities
In a strategic move to bolster its mortgage lending capabilities, Chetwood Financial has successfully acquired CHL Mortgages, a specialist buy-to-let lender. This acquisition marks a significant milestone for Chetwood, as it looks to expand its mortgage loan book and strengthen its presence in the intermediary market.
Chetwood Financial expands its mortgage lending capabilities
The acquisition process was highly competitive, with Chetwood emerging as the successful bidder. Throughout the process, all parties involved have worked closely to ensure a seamless transition, with no planned downtime or disruption to CHL Mortgages’ lending operations.
Ensuring business as usual for CHL Mortgages
The acquisition will enable Chetwood to grow its mortgage loan book and expand its reach within the mortgage intermediary market. CHL Mortgages’ specialist lending team will complement Chetwood’s soon-to-launch ModaMortgages proposition, which will provide an automated process focused on fast decisions.
ModaMortgages: A new era in mortgage lending
While both lenders will operate independently, they will share skills, experience, and expertise, ultimately benefiting from being part of Chetwood Financial. Andy Mielczarek, Founder and CEO of Chetwood Financial, expressed his excitement about the acquisition, stating that CHL Mortgages is an established, respected brand in the specialist lending space, and that they have ambitions to grow operations further in the months and years to come.
Andy Mielczarek, Founder and CEO of Chetwood Financial
Ross Turrell, Commercial Director at CHL Mortgages, added that this is a fantastic opportunity to join forces with a digital bank well-established in funding buy-to-let mortgages through the intermediary market. Chetwood’s ambitious growth plans, including the launch of ModaMortgages, will enable CHL Mortgages to continue developing its competitive product range and broad criteria offering, which has been well-received by its intermediary partners.
Ross Turrell, Commercial Director at CHL Mortgages
This acquisition marks an exciting new chapter for both Chetwood Financial and CHL Mortgages, as they look to drive growth and innovation in the mortgage lending space.
A new era of growth and innovation in mortgage lending
