Paradigm Mortgage Services has added Octopus Real Estate to its lending panel.

The move provides Paradigm member firms with access to the full range of lending solutions offered by Octopus.

The lender’s offering includes residential and commercial bridging loans, pre-approved auction loans, commercial term loans and buy-to-let (BTL) mortgages, including specialist products for short-term lets, first-time buyers and foreign nationals.

Octopus also offers development finance products, including its Greener Homes Alliance formed with Homes England, which provides SME house builders with loan finance and support to build energy-efficient properties.

Paradigm member firms can access a range of resources via the Octopus website including lending documentation, loan enquiries, and policy documents.

“There continues to be strong demand and need for advice in the property development marketplace and providing our firms with access to quality lenders for these clients is a major focus for Paradigm,” said Paradigm director of mortgages, Richard Howes.

“We’re therefore very pleased to be bringing Octopus onto our lending panel, given its experience in this market and the wide range of funding solutions it deploys, whether bridging, BTL, commercial or development.

“Landlords and developer clients are looking at the ways and means by which they can develop their property portfolios and address the supply-side issues we currently have. We’re looking forward to working with the team at Octopus to introduce its proposition to our members and to grow its lending footprint with our firms.”

Head of residential lending at Octopus, Steve Matthews, added: “We are pleased to announce our new partnership with Paradigm, with our full range of products going live to its member firms.

“We are looking forward to working closely with the team at Paradigm to add value to our adviser partners and their businesses. Paradigm’s Mortgage Club provides a friendly, supportive community that we know will really work in partnership with Octopus.

“Increasing numbers of borrowers continue to turn to specialist lenders, so it’s vital advisers have instant access to specialist products through distributors such as Paradigm. Our new relationship furthers our commitment to making the lending process as pain-free as possible for advisers and their clients.”

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