A two-year Freedom to Fix tracker at 1.44% is available up to 65% loan-to-value (LTV) with a £995 fee, which offers borrowers the option to switch to a fixed rate. A five-year fixed rate at 3.65% up to 90% LTV is available with a fee of £1,195.
Other key features of these products include no application fee, a free valuation for residential remortgage customers and a £250 cashback to remortgage customers. This is also available on the five-year 90% LTV deal for purchase customers.
John Coffield, head of Paradigm Mortgage Services, said: “The Freedom to Fix product is particularly interesting, especially in a market environment where there have been numerous rumblings about impending interest rate rises. It offers clients the benefits initially of a low-tracker rate plus the option of switching to a fix if the client feels it is necessary.”
Caerus Financial, once owned by Paradigm, still uses the club for its IFAs who advise on mortgages.