Features of Tipton’s service offering include a ‘common-sense’ approach to underwriting with no credit scoring and a response to all decisions in principle within 24 hours. The lender also underwrites long-term sub-contractors on an ‘employed’ basis, subject to criteria.
Members of Paradigm will have access to products with up to five times loan-to-income, subject to minimum income and an affordability assessment, as well as concessionary purchases for properties purchased from an immediate family member, which requires no deposit and is subject to a minimum 25% discount off the current market value.
John Coffield (pictured), head of Paradigm Mortgage Services, said: “This exciting, new addition to our panel ensures Paradigm continues to offer our firms a wide choice and demonstrates our commitment to ensuring a comprehensive range of lending solutions for our advisers and their clients.
“The Tipton operates in a number of significant niche product sectors, and with a proposition that focuses on the personal touch, with no credit scoring and individual underwriting, we believe our advisers will find much to interest them.”
Richard Groom, head of mortgage sales at Tipton and Coseley Building Society, added: “As we continue to widen our intermediary reach, we are delighted to be joining Paradigm’s lender panel. We believe our common sense, pragmatic approach to underwriting will offer members a number of new angles for their clients.”