Clydesdale added to Paradigm lender panel

Paradigm Mortgage Services has added Clydesdale Bank to its lender panel.

Paradigm member firms will now be able to access Clydesdale’s range of residential, buy-to-let (BTL), offset, first-time buyer and professional mortgage products.

Clydesdale Bank has mortgages available up to 75% loan-to-value (LTV) on a full interest-only basis, 80% LTV on part-and-part loans, with a maximum five times loan-to-income (LTI).

BTL and let-to-buy mortgages are available, with affordability including personal income and expenditure rather than a rental stress test.

Mortgages above £750,000 to over £3m are available, with products offering upfront pricing and fixed fees.

Professional clients have access to an exclusive range with no product fee and a free valuation incentive.

For self-employed borrowers, Clydesdale looks at the overall situation, with standard LTVs offered and no application of lower caps.

For freelancers and fixed-termers, mortgages are available up to 95% LTV with only one year minimum contracting history required.

Advisers can access a range of tools and services via the Clydesdale Bank website, including an affordability calculator, online application and case tracking.

Richard Howes, director of mortgages at Paradigm Mortgage Services, said:“I think we all understand the increased need for lenders who work flexibly with advisers and clients, simply because there are far more cases which now require this approach.

"Clydesdale Bank is a lender which is fully-focused on this area, working on cases individually rather than adopting a tick-box mentality to underwriting and assessment, and we are particularly pleased to be adding it to our lender panel.

"Paradigm member firms are likely to be seeing a large number of clients who have these mortgage needs and we’re looking forward to working with Clydesdale Bank team to introduce its proposition to advisers.”