Paradigm teams up with The Loan Partnership

Paradigm Mortgage Services has added The Loan Partnership to its panel, as its preferred specialist lending partner.

Products that will now be available to Paradigm members include second-charge mortgage from £5,000 to £2.5m, high LTV products, adverse credit plans and interest-only options.

Rates on bridging loans with terms between one to 36 months start from 0.49 per cent per month. These are available up to 75 per cent LTV and have options to defer payments during the term.

Paradigm’s head of mortgages John Coffield says: “Due to member demand we have been looking at our specialist lending panel. We wanted to work with a business that has a similar commitment to service and compliance.

“We look forward to working with the team and helping our member firms explore the options available in these growing product sectors.”

The Loan Partnership director John Webb says: “We are excited about the opportunity to team up with Paradigm.

Paradigm Mortgage Services currently has a membership of over 1,100 directly authorised firms, representing over 3,000 advisers.

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