Paradigm Mortgage Services has added equity release specialists, Stonehaven, to its equity release provider panel.
Paradigm members will now be able to access Stonehaven’s range of lifetime mortgages.
Stonehaven is a member of Safe Home Income Plans and distributes its products through intermediaries and advisers only.
Stonehaven’s products offer flexible equity release solutions and come with a number of guarantees including, no negative equity guarantee, guaranteed cash reserve facility, guaranteed switch from an interest-only mortgage to a lifetime interest roll-up, guaranteed protected equity, and guaranteed portability.
Bob Hunt, chief executive of Paradigm Mortgage Services, says: “We are delighted to welcome Stonehaven to Paradigm’s Equity Release Provider Panel. Paradigm members will now have access to one of the most flexible lifetime mortgage product ranges available in the market today. Demand for equity release products is likely to grow with the shifting economic and demographic changes affecting many individuals reaching retirement age. Mortgage intermediaries and advisers are in a perfect position to provide this group of people with the necessary financial solutions.
“Paradigm’s Equity Release Panel is designed to offer our members access to the best products in terms of both price and criteria. We would urge all those advisers looking to place equity release business to contact Paradigm to see how we can provide both product solutions and deliver increased revenue.”
Georgina Smith, sales and marketing director at Stonehaven, says: “Paradigm has developed a highly innovative partnership approach to mortgage distribution. As a lender committed to delivering innovative solutions in equity release, we very much look forward to working with them to fully realise the potential of this sector of the mortgage market.”