From today, Paradigm member firms will be able to access West One’s buy-to-let product range available to both new and professional landlords.
Standard products are available for individuals, limited companies and LLPs, while its specialist range is also available to those wishing to finance homes of multiple occupation (HMOs), multi-unit blocks, properties above or next to commercial units, expats, and holiday-lets including AirBnB.
Richard Howes, director of mortgages at Paradigm Mortgage Services, said: “It’s undoubtedly the case that the buy-to-let market has become more specialised in nature as the sector has become more professionalised in recent years, with the result that there is a growing need for specialist products here.
“At the same time, property as an asset class continues to grow in popularity, so intermediaries want and need lenders who fully understand this space, are flexible, can deal with complex cases, and have a swift service offering.
“West One certainly fit the bill here and we are very pleased to be part of its expansion programme amongst advisers which takes in distributors like ourselves.
“We’re looking forward to working with the West One team and helping develop relationships with our Paradigm member firms who are active in buy-to-let.”
Andrew Ferguson, managing director of West One Loans’ buy-to-let division, added: “Joining Paradigm’s panel is a fantastic way to start 2022, as we continue to widen the distribution of West One’s buy-to-let offering.
“This comes at an excellent time for Paradigm’s members as it coincides with our refreshed product range and enhanced criteria, including the improvements to our portfolio lending proposition where we can now lend up to £10 million per borrower.
“West One have a reputation for high service standards and quality individual underwriting which Paradigm’s brokers will benefit from as well as our flexible and pragmatic approach to lending.”
