Buy-to-letNews

Paradigm adds Principality to lender panel

Paradigm Mortgage Services has added Principality Building Society to its lender panel.

Paradigm member firms will be able to access the Principality’s range of mortgage products which covers residential, buy-to-let and holiday let.

John Coffield, head of Paradigm Mortgage Services, said: “The Principality Building Society is focused on the needs of intermediaries and therefore we’re very pleased to be able to add it to our panel and to offer its range of products to our member firms.

“This is another lender which looks at a diverse range of product options and is active in a number of niche areas which will suit our membership, such as its Holiday Let proposition which is available across England & Wales.

“We are looking forward to working with the Principality and ensuring our members access its products and intermediary-led services.”

Emma Graham, Principality Building Society’s national account manager, added: “I’m delighted to be able to offer our service-led proposition to a wider audience of brokers through Paradigm’s award-winning mortgage club.

“As a member-led organisation our underwriters don’t follow a standardised approach and will treat every single customer as an individual, applying common sense when assessing applications.

“We look forward to adding value to Paradigm’s adviser members by helping them place both straightforward and complex cases.”

Residential mortgages are available from the society on a 2,3 and 5-year basis with loans up to 90% available in England, and 95% available in Wales. It also offers Help to Buy mortgages in both England and Wales up to 75% LTV.

The society is also active in the new build market, lending up to 90% LTV on new build residential properties and 75% on buy-to-let new build flats or houses in England and Wales.

The Principality’s fixed and discounted rate buy-to-let products for purchases and remortgages, are offered up to 75% LTV, plus it considers holiday let applications across England and Wales.

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