Paradigm adds United Trust Bank to lender panel

Paradigm Mortgage Services has announced the addition of United Trust Bank (UTB) to its lender panel.

Members of the mortgage services proposition will now have access to UTB’s full product range that covers both regulated and unregulated secured funding facilities for individuals and businesses.

UTB has been active in the specialist mortgage sector since 2015 and offers first and second-charge products with options available for purchase, remortgage, first-time buyers, interest-only and unencumbered capital release.

The lender also has a range of flexible criteria which is available to self-employed, contractors, other borrowers with complex incomes and married sole applicants.

Paradigm director of mortgages, Richard Howes, commented: “Specialist mortgage finance is likely to be one of the key growth areas for advisers in the months and years ahead, and we are very pleased to be able to bring on panel one of the key lenders in this sector.

“By doing this, we can offer Paradigm members access to another range of mortgages all designed for those who might not meet mainstream affordability and/or criteria. UTB has also invested heavily in the technology it uses to interact with advisers in order to provide certainty and speed, and we are looking forward to working with the highly-experienced team at the bank to ensure our member firms and their clients are fully aware of its mortgage and service proposition.”

UTB sales director for property intermediaries, Mike Walters, added: “We are delighted to be able to offer UTB’s full mortgage product range to Paradigm’s members and look forward to working with Richard and the team to increase awareness of UTB’s products, outstanding service and common-sense approach to underwriting amongst Paradigm’s adviser partners.”

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