View more on these topics

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 to a maximum loan-to-value of 90 per cent and a maximum loan size of £2m. It lends to borrowers up to age 85, offering interest-only, part and part, and right-to-buy product options.

Paradigm Mortgage Services head John Coffield (pictured) says: “It’s always our aim to work with lenders who show a real desire to lend and to work with our member firms in order to ensure they have access to quality products which are relevant for today’s UK borrower. That is certainly the case with Secure Trust Bank who are both flexible and have a real commitment to delivering mortgages to those who might not necessarily fit the criteria of the mainstream, high-street lenders.

“As the working environment shifts and we have many more borrowers who in no way fit the traditional notion of a ‘normal’ borrower, it’s important that advisers have access to lenders who are ready, willing and able to work in this space. We believe our member firms will find much to interest them in both Secure Trust Bank’s product range and its approach to the residential market. We are looking forward to working closely together and warmly welcome them to the Paradigm lender panel.”

Secure Trust Bank sales and marketing director for mortgages Tony Hall says: “As a relatively new lender, we’ve been working hard to grow our distribution and being added to the Paradigm lender panel is a key milestone in our expansion. It’s great that intermediaries using Paradigm can now benefit from our ‘unordinary’ lending proposition as we strive to position ourselves as the first choice specialist lender.”


Secure Trust Bank enters Right to Buy

Secure Trust Bank Mortgages has launched a range of mortgages for tenants using the Right to Buy scheme to purchase their existing home. Loans are available up to 100 per cent of the discounted purchase price and Secure Trust Bank will also be able to lend up to £10,000 or one year’s discount, whichever is […]

UKF releases Q3 product transfer data and revises earlier figures

UK Finance has released product transfer data for Q3, along with revised figures for Q1 and Q2. The trade body’s latest data found that 291,900 homeowners switched product with their existing provider in the third quarter of 2018, representing £38.7bn of mortgage debt refinanced internally. Of these product transfers, 156,900 were conducted on an advised […]


News and expert analysis straight to your inbox

Sign up