Paradigm adds Together to mortgage panel
Paradigm Mortgage Services has added Together to its mortgage lender panel, giving its member firms access to Together’s range of first-charge residential mortgages.
"We believe this ‘non-standard’ part of the market will develop much further in 2018 and beyond, and therefore it’s important that our member firms have access to lenders"
Together's residential products include repayment and interest-only options with no valuation of lender solicitor charges, available from £3,000 to £1,000,000 depending on the borrower’s credit profile.
Paradigm advisers will also have access to Together’s online portal, My Broker Venue, where they can submit cases and receive a full, instant, decision-in-principle.
John Coffield, Head of Paradigm Mortgage Services, commented: “The burgeoning specialist market is a core area for many Paradigm firms, especially given the growing demand from those borrowers who might not ‘conform’ to the affordability measures and criteria that can often be an obstacle with mainstream lenders.
"Together is a long-standing lender in this space and has a focus on the individual borrower, with a range of residential mortgage products which cater for this demographic. We believe this ‘non-standard’ part of the market will develop much further in 2018 and beyond, and therefore it’s important that our member firms have access to lenders such as Together who understand the needs of these clients.”
Richard Tugwell, Group Intermediary Relationship Director at Together, said: “We’re delighted to extend our offering to Paradigm’s members so that we can introduce our common-sense approach to thousands more brokers. It’s essential that distributors like Paradigm have a broad range of lenders to suit different customer needs. Our strength is assisting in those unusual or complex cases that the mainstream finance providers may not be able to help with, and we’re looking forward to working with their member firms as a result of this new partnership.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Santander
Santander launches 98% LTV ‘My First Mortgage’
First-time Buyer
Improved affordability sparks 20% rise in first-time buyers: Nationwide
Inflation
Further rate cuts dampened as inflation rebounds to 3.4%
Mortgage Rates
Two Big Six lenders increase mortgage rates as swaps rise
Bank Of England
Bank of England holds interest rates at 3.75% in narrow 5-4 vote
Interest Rates
Looser Fed policy stance could slow further rate cuts, policymakers warn