Paradigm Mortgage Services has added the bridging and short-term lender, MT Finance, to its lender panel.
The agreement provides Paradigm member firms with the opportunity to register with MT Finance to access its range of first and second-charge bridging loan products – designed for property investors and developer borrowers.
Paradigm member firms will also be provided access to MT Finance’s range of intermediary services – including a ‘request the opportunity’ involving a visit from a business development manager, who would outline all the options available to advisers and their clients.
“In the world of property development and investment, advisers will be acutely aware that many clients require quick, short-term finance in order to purchase, buy at auction or refurbish,” head of Paradigm, John Coffield, commented.
“Therefore, it’s vitally important we work with quality bridging loan lenders and it’s the reason why we’ve added MT Finance to our lending panel today. We fully anticipate that 2020 will be a busy year for property investors and developers, and we want to ensure Paradigm member firms have access to the best products available for them in the bridging sector.”
MT Finance’s bridging products include a ‘Heavy Refurb’ product – designed for borrowers wishing to add value to their investment by undertaking conversion works – and a ‘Residential’ product – for purchases on an investment property requiring efficiency, or any light refurbishments on a property.
Other products include a ‘Second-charge’ bridging product – if the client already has a loan or mortgage secured against the asset – as well as a ‘Commercial and Semi-Commercial’ product – for borrowers requiring no evidence of trading history or proof of income.
“We are delighted to have the opportunity to work with Paradigm Mortgage Services and their members,” added MT Finance commercial director, Gareth Lewis.
“With our commitment to supporting brokers through good products and education, it was logical to look at extending our distribution through such a well-respected brand who shares our same core values, and we have no doubt this partnership will be valuable for all involved.”
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