Paradigm Mortgage Services has announced the addition of Castle Trust Bank to its lender panel.

The move means that Paradigm members will secure access to Castle Trust’s specialist range of holiday property and residential buy-to-let (BTL) products.

Castle Trust also works with advisers to find bridging and term lending solutions for their property investor clients.

Initially launched in 2012 to provide specialist lending solutions to property investors and investment products to savers, Castle Trust became a fully-authorised bank in June 2020.

The lender also offers a 10-year mortgage product up to 75% LTV, with initial fixed rates for two or five years, and the ability to provide a guaranteed exit option on its bridging loans by linking them to this 10-year product through a bridge-to-let option.

Castle Trust sales director, Rob Oliver, commented: “Paradigm is an excellent mortgage club and we’re really looking forward to working with its members and increasing our distribution footprint through this new relationship allowing their DAs firms access to our innovative product range.”

Paradigm director of mortgages, Richard Howes, added: “Over the course of the past few months we have announced a number of new lender relationships with innovative operators in the market and we are very pleased to be able to bring on board Castle Trust – one of the key specialist lenders in the sector providing loans to property investors through a variety of product options.

“Our adviser members respond to creativity and flexibility in this space, and Castle Trust fit this bill, with a focus particularly in holiday property, residential BTL lending and coupled with the ability to link up with bridging options, means landlords and investors are well catered for.”

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