Open to directly authorised firms, Paradigm offers intermediaries access to whole of market lenders coupled with a range of mortgage-related support services.
Its members will share in the capital growth of the business via a discretionary trust and, by joining and using Paradigm, will be building a share in the business.
Two types of membership, both free of charge, are open to joining firms:
- Associate Membership gives firms an equal share in the incremental revenue they generate throughout the year. For tax efficiency once a year associate members will receive a payout which reflects the revenue they have generated.
- Partnership Membership has the full benefits of Associate Membership but with the added bonus of accruing equity in Paradigm Mortgage Services through the limited liability partnership (LLP), held in a discretionary trust. This means partners will fully participate in the value and growth of the company.
There are also lending and provider panels for secured lending, commercial lending, bridging finance, protection and general insurance.
Paradigm’s support services are provided via a range of commercial partners in the following areas: back-office, compliance, conveyancing, packaging and sourcing systems.
Bob Hunt, chief executive of Paradigm Mortgage Services, said: “We are proud to announce the official launch of Paradigm Mortgage Services to market and look forward to providing an excellent range of services to our members.
“This is much more than just a mortgage club – we have built Paradigm Mortgage Services to challenge the existing value chain dynamic and inspire a new style of relationship between distributors and manufacturers.
“Those firms who join Paradigm will not only benefit from market-leading procuration fees, exclusive products and full support services, but they will also be building their own share in the capital growth of the business. This is a brand new development for directly authorised firms and 500 registered individuals have already signed up.”
