Paradigm member firms will have access to the bank’s range of long-term mortgages, and its offering of 10 to 40-year, fixed-rate products, with a short early repayment charge (ERC).

Products include interest-only and retirement interest-only (RIO) options, as well as Deposit Unlock and Own New schemes for customers looking for a new-build.

The mortgages come with payment certainty, short ERCs, no maximum age limit, providing more options for customers and no standard variable rate-based stress tests.

Paradigm director of mortgages Richard Howes says: “Opening up as much mortgage product choice to our member firms is of absolute paramount importance for us at Paradigm, and we’re therefore very pleased to be able to bring Perenna on panel today.”

Perenna head of product, proposition and distribution John Davison adds: “Our new partnership with Paradigm helps us get a step closer to achieving this goal, working with and supporting their members in creating a nation of happy homeowners.”