Paradigm adds Paragon to lender panel

Paradigm Mortgage Services has announced the addition of buy-to-let (BTL) and specialist lender, Paragon Bank, to its lender panel.

The mortgage services proposition revealed its member firms will be able to access Paragon’s core range of BTL mortgage products from today.

Paragon is continuing to offer specialist BTL mortgages catering to both portfolio and non-portfolio landlords throughout the ongoing COVID-19 crisis, accepting both new business and processing applications it has already received.
Portfolio products are available for HMOs and multi-unit blocks, limited companies and liability partnerships, properties in England, Wales and Scotland, landlords with four or more mortgaged properties, as well as for expatriates.
Non-portfolio products are available for single self-contained units, consumer BTL customers, properties in England, Wales and Scotland, landlords with up to three mortgaged properties and also for expatriates.

Paradigm head of mortgages, John Coffield, commented: “Ensuring our member firms have access to as broad a range of mortgage products as possible – especially during this period – is absolutely vital and we are therefore very pleased to be bringing Paragon on board our lender panel from today.

“Paragon is one of, if not the, pre-eminent BTL lender in the country and as the market begins to edge back, we’re sure its range of products will be of great interest to our advisers. We’re looking forward to working with the team at Paragon and to ensuring our firms have access to its proposition.”
Paragon director of mortgage sales, Moray Hulme, said: “Paragon is delighted to add Paradigm to our distribution. We know Paradigm prides itself on offering intermediaries market-leading products and as one of the UK’s top BTL lenders, I’m confident that we strengthen this offer.

“We’re looking forward to working with their members to provide customers with fantastic products and excellent service.”

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