MortgagesSep 3 2015

Paradigm fixable offer

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Paradigm fixable offer

Paradigm Mortgage Services has launched a range of product exclusives from Virgin Money for members of network Caerus Financial.

According to John Coffield, head of Paradigm Mortgage Services, the Freedom to Fix product offers the benefits of an attractive rate with the added security of the client being able to switch to a fixed rate.

He said this was a feature that, given the speculation about rising rates, may be useful.

Key Features:

· A two-year Freedom to Fix Tracker at 1.44 per cent up to 65 per cent loan-to-value, with a £995 fee

· A five-year fixed rate of 3.65 per cent up to 90 per cent LTV, with a £1,195 fee

· The deal also comes with a 20 per cent overpayment facility

· There is a free valuation for residential remortgage customers, no application fee, and a £250 cashback to remortgage customers.

Adviser verdict

In April, Paradigm Mortgage Services gave its members access to two buy-to-let products from Precise Mortgages. Peter Hunt, a mortgage adviser at Surrey-based Hawke Financial Services, said: “If this is an exclusive deal it will have been worked so it is advantageous and competitively priced compared with products offered by other lenders. Paradigm is a company which has the power to negotiate good deals with these providers.”