Clydesdale joins PFA lender panel

Clydesdale Bank join the PFA lender panel with immediate effect and will now be accessible to all network appointed representative firms. Clydesdale offers the intermediary market a range of services including:

• Local, dedicated relationship managers who manage a portfolio of approximately 30 to 40 accounts and are therefore able to pro-actively support all of their brokers.

• Access to an experienced team of underwriters.

• A commercial approach to credit underwriting - Clydesdale welcomes discussions about ‘good but different’ cases.

• A focus on building relationships with individual firms.

Clydesdale Bank offers a range of both residential and buy-to-let mortgage products which come with a number of USP’s currently including:

• No early repayment charges on offset discount products.

• Buy-to-let: consideration of HMOs and sub-divided properties; rental calculation is 125% of pay rate. Simple fee structure.

• Large loan semi-exclusive product offered between £1-2 million.

• Free valuation and free legals on standard remortgages – excludes unencumbered properties.

Commenting, John Coffield, head of Paradigm Mortgage Services, commented: “The inclusion of Clydesdale Bank on the PFA lender panel is a real bonus for our network firms who can now access its range of quality mortgage products and the value-added services it delivers to intermediaries.

“Clydesdale does not target the whole advisory market, instead it has built up a limited panel of strategic partners, of which PFA is now one. Its focus is on targeting medium to high-net worth customers and through this new relationship with PFA member firms we are confident that business levels can be grown in this area for the benefit of Clydesdale, PFA, member firms and clients.

“Paradigm’s partnership approach is a constant in terms of how we work with lenders, providers and members – we are looking forward to continuing our work with the Clydesdale Bank team in order to make this relationship a real success.”

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