Its members gain access to Loughborough's suite of products
Paradigm Mortgage Services has announced the addition of Loughborough Building Society to its lender panel, giving its member firms access to an expanded range of mortgage products.
The partnership allows Paradigm members to offer clients Loughborough’s suite of mortgage options, which include deals for home purchases, remortgages, large loans, buy-to-let, lending into retirement, first-time buyers, family assist schemes, shared ownership, buy-for-university products, and holiday lets.
Paradigm members can now register with Loughborough to access its full product line, use its online mortgage portal, and access a library of supporting documentation.
Loughborough Building Society recently rolled out a set of new affordability calculators designed for intermediaries. The tools include a residential calculator that supports high-income multiples and lending into retirement, alongside its core residential products. Its buy-to-let calculator offers options for let-to-buy, family buy-to-let, and holiday lets.
“To say the mutual sector now offers something of a one-stop shop for a huge variety of borrower mortgage needs would be an understatement,” said Richard Howes (pictured left), director of mortgages at Paradigm. “The Loughborough’s range is a prime example of this, covering off a vast array of products and criteria from options for first-time buyers to those taking mortgage debt into retirement.
“It’s therefore very pleasing to be adding Loughborough to our lender panel and to be providing Paradigm advisers and member firms with access to this excellent proposition. We’re looking forward to introducing these options to our membership and working with the Loughborough team to secure the right product solutions for borrowers.”
Ashley Pearson (pictured right), head of intermediaries at Loughborough Building Society, said joining Paradigm’s lender panel would allow them to offer specialist mortgage solutions to a wider network of intermediaries.
“Together, we are committed to delivering customer-centric options,” he added. “We look forward to working closely with Paradigm members to support their clients’ increasingly diverse borrowing needs.”
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