Manchester Building Society’s range of mortgage products, which includes both residential and buy-to-let options, will be available with immediate effect to both DA members of Paradigm Mortgage Services and the AR firms signed up to PFA. Firms can access the product range by registering through the Paradigm websites.
Highlights of The Manchester’s current product range are 90% LTV products with arrangement fees from just £495, 85% LTV available for new-build house purchase with a 5% builder incentive being accepted and a bespoke self-employed product to 80% LTV offering five times single income. The buy-to-let range starts at 4.49% with a low arrangement fee of £495.
John Coffield, head of Paradigm Mortgage Services, commented: “Paradigm has strong ties with the mutual sector and the addition of Manchester Building Society’s range of mortgage products to our lender panels will certainly add to our overall offering to both DA and AR members. We are always looking to offer greater variety and quality to our mortgage product proposition and the addition of The Manchester certainly delivers in this respect.
“This new relationship with Manchester Building Society has been secured on significant terms for our members and it also gives them access to a considerable player in the sector that is wholly committed to working with the intermediary market. We will be working with the team at the building society to ensure a strong overall product offering and to develop relationships between our members and the Manchester.”
Chris Mitton, market relationship manager at Manchester Building Society, said: “We are delighted with the new affiliation with John and the team at Paradigm and have been impressed with both their business model and overall approach. Advisers will see value in our addition to panel and by having direct access to our underwriters, in conjunction with our non-credit scoring cogent assessment of their applications, I’m sure we will help them to place cases and earn.”
