Paradigm Mortgage Services is offering up to six months’ free compliance support to newly signed on directly authorised firms.

Those who sign a contract for two years will receive three months’ worth, and those who sign for three years, the full six months of free support.

Firms already in partnership with Paradigm, meanwhile, will receive a £250 referral fee for bringing others in.

Earlier this month, Paradigm Protection issued a Covid-19 update document, while Paradigm Mortgage Services set about providing information on all the automatic valuation models and LTV restrictions that lenders are putting in place.

Paradigm chief executive Bob Hunt says: “We believe this will offer DA firms valuable regulatory protection and financial support when they need it most.

“We know that our industry is changing continually as it adapts to the current situation, and we will continue to strive to deliver extensive and innovative support for the DA firms within it.

“Intermediaries are at the heart of everything we do, and we believe this new offering will be very positively received by those businesses in need.”