From today Paradigm members will be able to access Bluestone’s range of mortgages which are designed to help customers who are able to demonstrate affordability, but are struggling to get past automated application processes.
To begin working with Bluestone, advisers will only need to complete an online registration form and the lender commits to setting up the agency within 48 hours.
Paradigm Mortgage Services head John Coffield said the network was continuing to see a rise in mortgage demand from clients with less straight-forward borrowing histories.
“Given the specialist needs of many borrowers, the UK lending landscape needs lenders who are willing to look at individuals on a case by case basis, to take a real account of their unique circumstances, and to appreciate how these might not fit traditional, vanilla lending operators,” he said.
“In areas such as mortgages for the self-employed and contractors, advisers and their clients have been underserved as have those with minimal arrears or defaults. It is therefore a real positive to have a relatively new lender like Bluestone working in these areas and committed to a service which truly focuses on affordability and has a product offering which is specialist through and through.
“This is all about ensuring we have product fits for all types of borrowers,” he added.
Bluestone Mortgages director of sales and distribution Steve Seal added: “We are delighted to announce our latest distribution partnership with Paradigm Mortgage Services.
“We believe Paradigm shares our views in supporting customers that are underserved by high-street lenders, particularly those who are self-employed, have variable incomes or have had credit problems. We’re looking forward to working closely together.”
