Paradigm member firms will be able to access the full mortgage product range of the building society, which individually underwrites all applications.
Currently, Harpenden offers 2 and 3-year mortgage options for residential borrowers, joint borrower sole proprietor, later life lending, premium and standard self-build, development, buy-to-let (BTL) and commercial BTL, and holiday let or home, and second home.
The society has interest-only options, no upper age restriction, up to four borrowers per application, no loan-to-income cap, self-employed income with a minimum of one year’s accounts plus a one-year projection.
Harpenden will consider various income sources when determining mortgage affordability, including salary, bonus and commission, self-employed income, pension and investment or trust income.
Richard Howes, director of mortgages at Paradigm Mortgage Services, said: “Lenders who are able to employ an individual approach to borrowers’ wants and needs are always going to be in favour, especially when the product range is wide and the criteria is broad.
“We are therefore very pleased to be able to add the Harpenden to our lender panel, offering advisers and their clients access to products from residential to buy-to-let through development and later life loans.
“A focus on the individual borrower and a commitment to supporting advisers is key here and we’re looking forward to working with the team at the Harpenden to develop this relationship for the long term.”
Emily Smith, head of distribution and marketing at Harpenden Building Society, said: “Joining the Paradigm Mortgage Services’ panel is another positive step for the Harpenden Building Society in what is shaping up to be an exciting 2022.
“We are delighted to partner with Paradigm, which is one of the leading distributors in the mortgage industry and with more than 15 years’ experience, Paradigm is well-positioned to support the Harpenden with its ever-improving proposition and reach a new intermediary base.”
