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Paradigm Mortgage Services adds BuildLoan to mortgage club panel

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  • 28/09/2017
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Paradigm Mortgage Services adds BuildLoan to mortgage club panel
Paradigm Mortgage Services has added BuildLoan, a provider of construction-based finance, to its mortgage club panel.

BuildLoan provides solutions on clients’ main residences for those seeking to self-build, renovate, convert, custom build, improve, knockdown and rebuild, or on projects of any scale to let or sell.

John Coffield, head of Paradigm Mortgage Services, (pictured) commented: “Many more people are looking to build their own homes or carry out major renovation projects and, given this is a specialist area which requires specialist know-how, it makes perfect sense for Paradigm member firms to utilise the experience of BuildLoan on behalf of their clients.”

“These are not projects you can muddle through with and therefore it pays to have clients placed with an operator that understands this market, what can and can’t be achieved, and the requirements that go with it,” he added.

Rachel Pyne, operations director at BuildLoan, said: “This is a rapidly growing market, brokers need the expertise provided by our specialist service to give clients the best possible solution.”

BuildLoan provides its products via its own lender panel and offers up to 85% lending on land or property with outline planning permission and up to 85% on build costs, as well as offering clients to stay in their existing home as they build their new one.

 

 

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