Hampden is the UK’s newest bank and opened in June 2015.
The bank currently lends to individuals, families and commercial entities such as limited companies, partnerships and trusts.
Hampden lends on UK property to those living here, as opposed to expatriates and those who have a current account with the bank. It also takes a flexible approach to affordability and does not lend based on income multiples.
As well as salaried income, Hampden & Co also takes into account: pension income, property rental, investment and dividend income, director fees and income from Lloyd’s insurance activities.
The bank offers residential and buy-to-let mortgages, holiday lets and family guarantor loans as well as property loans.
One of the bank’s key requirements is that its banking staff meet with all prospective clients so that a full affordability assessment can be undertaken, and in order that suitable advice can be given where applicable.
John Coffield, head of Paradigm Mortgage Services, (pictured) said: “Hampden & Co offers a bespoke lending service to clients and this new arrangement allows selected Paradigm member firms to introduce suitable clients to the bank in order to access its product range. As in the main market, there is an increasing complexity to many borrowers’ income sources – especially the case for wealthy individuals – and it’s important they work with lenders and banks that understand the need for a bespoke lending service.
“We understand that advisers who have access to these types of clients might be willing and able to introduce them to Hampden & Co, in order that they can benefit from the services on offer, especially if they are looking for larger loans and want a tailor-made offering. Therefore we have partnered with Hampden & Co to deliver a unique and bespoke offering to selected members.”
Graeme Hartop, chief executive of Hampden & Co, said: “We are delighted to be working with Paradigm and their mortgage intermediaries. Hampden & Co provides lending solutions to wealthy clients with more complex financial arrangements.”