Paradigm launches product exclusives with Chorley
Paradigm and Chorley Building Society plan to “open up the products” to Paradigm’s whole membership when further funding is in place.
Paradigm Mortgage Services, the mortgage services proposition, has launched three product exclusives with Chorley Building Society.
The products, which are available for a limited trial period among selected Paradigm member firms, include a 90 per cent loan-to-value deal and two 80 per cent LTV deals.
A three-year residential mortgage, available at 90 per cent LTV, has a SVR of 4.74 per cent.
A two-year buy-to-let purchase mortgage, available at 80 per cent LTV, has a SVR of 4.99 per cent and a two-year-year buy-to-let remortgage is available at 80 per cent LTV with a rate of 4.99 per cent.
Paradigm and Chorley Building Society will work together on the distribution of this range.
Bob Hunt, chief executive of Paradigm Mortgage Services, said: “We have a very positive working relationship with Chorley Building Society and are pleased to be able to offer these three exclusives to selected member firms for a limited trial period.
“These are competitive products in the current marketplace and we are confident there will be a strong take-up for them.
“Clearly we will look at how this trial progresses and if, as hoped, it is a success we will be looking to work with Chorley further in order to provide more exclusive products that can be accessed by all our members.
“We believe this is merely the start of such opportunities for Paradigm members and we are looking forward to working with the Chorley team to distribute these products to members and ultimately provide mortgage finance to their clients.”