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Masthaven joins Paradigm’s bridging panel

Paradigm Mortgage Services, the mortgage partnership proposition, has added specialist bridging lender, Masthaven to its bridging panel.

Masthaven has operated as a principal intermediary-focused lender since it was established in 1983.

Masthaven offers a rate of 1.25% per month for all residential first-charge lending irrespective of LTV, property types and status.

First-charge lending on commercial property at 1.45% per month.

Provision of second-charge loans at 1.5% per month and LTV based on a combination of open market value and purchase price; 100% LTV is available.

Throughout April the cost of the valuation will be refunded on all completions, saving clients up to £1,385.

John Coffield, head of Paradigm Mortgage Services, says: “We are delighted to announce the addition of Masthaven to Paradigm’s bridging panel. There are few more established bridging lenders available in the marketplace today and members looking to access bridging finance for their clients will find an adviser-focused service from the Masthaven team.

“Masthaven has been operating in the market for over 25 years ensuring they have the necessary experience to deal with all types of bridging finance cases. Like Paradigm, innovation is at the heart of its operation and, given the nature of bridging finance, speed of completion is also a significant USP for the lender.

“Given the nature of our new partnership, we are also pleased to offer an exclusive offer for all Paradigm members using Masthaven which will see the cost of a valuation refunded on all completions to the client. This could be a significant saving and those members looking to find out more about the Masthaven proposition, should certainly visit the Paradigm website.”

Andrew Bloom, managing director at Masthaven Bridging Finance, says: “Everyone at Masthaven is extremely pleased to have entered into this partnership with Paradigm. What stands Paradigm apart is the experience of their senior management team and the added value they provide to each of their members.

“Due to the importance of this relationship Richard Deacon, Masthaven’s National Business Manager, has agreed to be personally responsible for all enquires. This way there will be single contact point for all of Paradigm’s members.”

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