Paradigm Mortgage Services has launched a new offer to directly authorised (DA) firms with up to six months’ free compliance support available for new users.
 
New firms signing up to Paradigm’s proposition will be eligible for either three or six months’ free compliance support, depending on the length of the contract they sign up to – either two or three years.
 
The firm said it had extensive experience of supporting mortgage advice firms in this area and was seeking to support DA firms as they adjust to new ways of working – which includes providing advice remotely as well as helping preserve cashflow during the ongoing lockdown period.
 
Paradigm suggested mortgage advice firms had been “particularly hard hit” by the coronavirus pandemic, as market changes mean they have been unable to progress as many of their clients’ applications as they might have done under normal circumstances.

“We understand the importance of compliance for directly authorised firms, especially at times like these when many aspects of these businesses are changing,” commented Paradigm Mortgage Services chief executive and Paradigm Consulting managing director, Bob Hunt.

“We know that many firms are facing financial difficulties due to Covid-19, and we have therefore devised a means by which we can provide new firms with a completely unique offer that means they can avail themselves of our compliance expertise at no charge for either three or six months.
 
“We believe this will offer DA firms valuable regulatory protection and financial support when they need it most. We know that our industry is changing continually as it adapts to the current situation, and we will continue to strive to deliver extensive and innovative support for the directly authorised firms within it.

“Intermediaries are at the heart of everything we do, and we believe this new offering will be very positively received by those businesses in need.”

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