Paradigm’s members can now readily access a variety of key product offerings from Cheval, including
- true flexibility – lending up to 85% LTV
- lending against open market value
- no lender fees – up-front or exit
- 100% purchase price availability
Aimed at directly authorised intermediary firms, Paradigm has been established to work in a ‘true partnership’ with both its distributors and provider partners. It believes greater collaboration is required in order to meet demanding consumer and regulatory needs.
Bob Hunt, chief executive of Paradigm Mortgage Services, said: “We are delighted to announce the start of our relationship with Cheval Bridging Finance as the first lender on our newly-formed bridging lender panel.
“Cheval bring a wealth of experience in bridging finance and deliver a range of services both online and face-to-face that will provide real value for Paradigm members.
“We will work in a true partnership with our member firms and our providers, such as Cheval, delivering full value and substantial benefits to all stakeholders. We hope and believe that this is the start of a valuable and prosperous partnership between ourselves and Cheval.”
Mark Posniak, director of sales & marketing at Cheval, added: “Cheval is going through a very exciting stage of development and has benefited from spectacular sales growth over the past year. We look forward to working with Paradigm over the coming months and years.”
