View more on these topics

Paradigm adds Newbury to lender panel

Paradigm Mortgage Services has added Newbury Building Society to its lender panel.

Member firms of Paradigm will now have access to Newbury’s residential, buy-to-let, shared ownership and shared equity mortgage products.

Furthermore, member firms will now be able to access Newbury’s BTL proposition, which is, in cases where the rental coverage is not met, factors in the client’s overall financial position.

The BTL proposition will also allow other sources of income and will lend on regulated and consumer BTLs.

In addition, Newbury will lend to limited companies and expatriates purchasing investment property in the UK.

Paradigm Mortgage Services head John Coffield comments: “Many building societies can now be considered at the cutting edge of the lending market, with an ability to look beyond the mainstream and to tailor the product range and proposition to an ever-wider array of sectors and borrower types.

“The fact that [Newbury Building Society] does not credit score and looks at each case on its individual merits is a crucial USP.”

Newbury Building Society sales manager Karen Smith adds: “We are proud to offer a varied mortgage book and welcome complex and specialist cases; we are comfortable with applications needing something a little bit special.”

Recommended

Hinckley & Rugby expands offer through Paradigm

Hinckley & Rugby Building Society has struck a deal with Paradigm Mortgage Services that will see the lender offer its tailored mortgages through the mortgage club’s lending panel. Specialist areas the building society covers, and products for which will now be available to the club’s directly authorised brokers, include interest-only downsizing with no minimum income; […]

JOHN COFFIELD, HEAD, PARADIGM MORTGAGE SERVICES

Secure Trust Bank added to Paradigm lender panel

Paradigm Mortgage Services has added specialist residential mortgage lender Secure Trust Bank to its panel. Paradigm member firms can now access Secure Trust Bank’s range of mortgage products which are designed for cases where high street lending isn’t the answer. Secure Trust Bank’s product range comes with rates from 2.14 per cent, offers loans up […]

Monthly reduction in house prices “corrects growth”: Halifax

Monthly house prices fell 1.6 per cent in March, according to the Halifax. This, managing director Russell Galley says, “party corrects the significant growth seen last month and again demonstrates the risk in focusing too heavily on short-term, volatile measures.” “Industry-wide figures show that the number of mortgages being approved remains around 40 per cent […]

Newsletter

News and expert analysis straight to your inbox

Sign up