Paradigm adds Landbay to mortgage panel

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  • 23/01/2018
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Paradigm adds Landbay to mortgage panel
Paradigm Mortgage Services has added specialist buy-to-let lender Landbay to its panel.

 

Members of the mortgage club can now access Landbay’s landlord products.

The lender recently extended buy-to-let mortgages to first-time buyers, and also offers to limited companies and limited liability partnerships, as well as trading businesses.

John Coffield, head of Paradigm Mortgage Services (pictured), said: “We are very pleased to announce the addition of Landbay to our mortgage club panel.

“With a highly-experienced team operating with an innovative, technology-enabled approach to lending, Landbay is able to look at individual (often complex) cases and provide a product solution for advisers and their clients.

“The buy-to-let market has seen a number of changes over the past two years and it’s highly encouraging to see lenders like Landbay continuing to show a strong commitment to the sector while offering an approach which focuses on the changing needs of landlord clients.

“The specialist sector is certainly benefiting from such activity and appetite, and we are looking forward to working with the team at Landbay to develop its offering within our membership base.”

Landbay recently changed its underlying portfolio stress tests to 125% at 5%, from 125% at 5.5%.

Paul Brett, managing director of intermediaries at Landbay, said: “Having known the team at Paradigm Mortgage Services for some years now, I am well aware of how hard they work for their members in ensuring that their lender panel is always relevant for current market conditions.

“There is a strong swing to the specialist sector of buy to let taking place and we, at Landbay, are looking forward to working with Paradigm and its members to help satisfy the need for specialist buy to let lending.”

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