Paradigm adds Scottish Bridging Loans to lender panel

Paradigm has added specialist bridging lender, Scottish Bridging Loans, to its lender panel.

Paradigm member firms now have access to Scottish Bridging Loans' product range, which includes bespoke bridging loans tailored for various complex financial needs.

Launched in January 2023, Scottish Bridging Loans offers coverage across the entire country, including the Highlands and Islands, without any postcode restrictions.

The lender specialises in first and second charge bridging loans for a maximum period of 12 months against residential and commercial assets, and also provides second charge bridging loans against residential security for business purposes.

Loan amounts range from £30,000 to £1m, with loans available up to 75% LTV and rates starting from 1% per month. Additionally, Scottish Bridging Loans offers second charge loans up to 75% LTV, with a maximum term of 12 months, and can often issue indicative terms within the hour.

Scottish Bridging Loans facilitates a variety of financial needs, including financing for residential and commercial assets, land with planning, purchases, light refurbishments, development exits, and buy-to-let investments.

Richard Howes, director of mortgages at Paradigm, commented: "In a lending landscape that demands bespoke product options and solutions for complex borrower scenarios, we at Paradigm are constantly working on different ways to support our Scottish firms, ensuring they have access to the best products and services available. The addition of Scottish Bridging Loans to our lender panel is a testament to our commitment to enhancing our offerings in this area. Scottish Bridging Loans’ expertise in bridging finance, and their ability to work closely with advisers to secure the best deals for clients, make them a valuable addition to our panel. We are excited about the opportunities this partnership brings to our member firms."

David Travers, CEO of Scottish Bridging Loans, added: “We are delighted to be working with an award winning mortgage club like Paradigm. This will allow a greater number brokers to access our products and sample our service levels. We provide fast and effective first and second charge bridging throughout the whole of Scotland with no postcode restrictions and we are excited to see the Scottish Bridging Loans and Paradigm combination flourish over the coming months."