Member firms of Paradigm now have access to specialist mortgage lender West One’s recently launched residential mortgages.
Paradigm director of mortgages, Richard Howes said there is an increased need for specialist mortgage products from lenders given the complexities in the market currently.
The move will see Paradigm members be able to choose from West One’s three tiers of residential products with loan sizes of £25,000 to £1mn available across repayment terms of three to 40 years.
“We have been working with West One for some time, offering its buy-to-let products to Paradigm firms, so we’re very pleased to be able to work together, pushing out this new specialist residential proposition, which I’m sure will be welcomed widely by our members,” Howes said.
According to West One, it offers a personal underwriting approach to complex cases, with each residential deal having a dedicated manager.
The firm’s head of clubs and networks, Paul Huxter said: “In the current challenging economic environment we find ourselves in, our residential products will help Paradigm firms and their advisers find the right solution for their clients.
“Through the trusted partnership we have built with their members we will assist in getting their specialist residential cases placed.”
Launched in 2007, Paradigm Mortgage Services has a membership of over 1.7mn directly authorised firms representing over 3,000 advisers.
jane.matthews@ft.com
