Paradigm Mortgage Services has added Castle Trust Bank to its lender panel.

The mortgage club says the move gives members access to the specialist lender’s range of holiday property and residential buy-to-let products.

The bank also works with brokers to find bridging and term lending options for property investor clients.

The lender says it will consider applications up to 80% gross day one loan to value from first-time landlords, limited companies, expatriates, and foreign nationals, as long as they have “a UK mortgage footprint”.

It adds these buy-to-let loans cover properties for purchase and/or refinance, where the lender can also top-slice UK income for stress coverage.

These loans also cover refurbishments, development exits, houses in multiple occupation and multiple units – including those held under a single freehold.

Its BTL loans also cover holiday lets, where the firm uses holiday let income, not assured shorthold tenancy.

The bank also offers ten-year term mortgages up to 75% LTV through its TermTen product with initial fixed rates for two or five years. This provides a guaranteed exit option on its bridging loans by linking them to its TermTen product, through the lender’s bridge-to-let offer.

Paradigm Mortgage Services director of mortgages Richard Howes says: “Over the course of the past few months we have announced a number of new lender relationships with innovative operators in the market and we are very pleased to be able to bring on board Castle Trust – one of the key specialist lenders in the sector providing loans to property investors through a variety of product options.

“Our adviser members respond to creativity and flexibility in this space, and Castle Trust fit this bill, with a focus particularly in holiday property, residential buy-to-let lending and, coupled with the ability to link up with bridging options, means landlords and investors are well-catered for.

“We’re looking forward to working with the Castle Trust team and would urge our member firms to review its product range and the support it offers to advisers.”

Castle Trust Bank sales director Rob Oliver adds: “Paradigm is an excellent mortgage club and we’re really looking forward to working with its members and increasing our distribution footprint through this new relationship allowing their directly authorised firms access to our innovative product range.”

Castle Trust Bank was launched in 2012, becoming a fully-authorised bank last June. Its largest shareholder is US investment house JC Flowers & Co.