Paradigm Mortgage Services adds Hampshire Trust Bank to panel | Mortgage Strategy

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

The mortgage club says the deal, which comes into force today (28 July), gives its members access to HTB’s product range, such as complex specialist buy-to-let deals and residential bridging loans.

The bank’s BTL range is available up to a maximum loan of £15m, up to 75% net loan to value, with no maximum age, no minimum income, and fixed rates available for both two- and five-year terms. Arrangement fees may be added to the loan.

It offers BTL finance to limited companies (trading and special purpose vehicles), expats, trusts and offshore clients, as well as foreign nationals.

The firm lends, across England and Wales on large and small portfolios, holiday lets, HMOs, properties with sitting tenants, and new-build flats.

It also offers residential bridging finance up to 75% gross LTV, with dual legal representation, no early repayment charges, a service aim of 21 days from application to completion, and a refurb-to-let product, auction purchase financing as well as traditional bridging solutions.

Paradigm Mortgage Services head of mortgages John Coffield says: “HTB has been growing its lending presence in both the buy-to-let and bridging sectors in recent months, and its flexible approach and focus on looking at each case individually, is a real positive for our member firms and their clients.”

Hampshire Trust Bank national account manager Scott Phillips adds: “We are aiming to support Paradigm’s ever-increasing base of specialist intermediaries.

HTB has carefully expanded its reach to highly-qualified broker audiences, and our specialist proposition will have resonance with those seeking to deliver against complex lending challenges as well as more straightforward cases.”

Last week, Paradigm Mortgage Services struck a partnership deal with digital mortgage lender, Molo Finance.

The club’s members were given access to Molo Finance’s digital mortgage services, including the technology it uses to speed up the lending process, providing a paperless, service.


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