Paradigm Mortgage Services adds Masthaven Bank to panel

by:
  • 26/07/2018
  • 0
Paradigm Mortgage Services adds Masthaven Bank to panel
Paradigm Mortgage Services has added Masthaven Bank to its lender panel.

 

This means that from today Paradigm member firms will be able to access Masthaven’s range of first and second-charge mortgage products.

Masthaven’s first-charge mortgage products are offered up to 80% loan to value (LTV) with rates from 2.94% on a repayment basis, with both interest-only and part and part mortgages available up to 60% LTV.

The second-charge range is available up to 75% LTV with rates from 3.84%; Masthaven’s second-charge buy-to-let products are available up to 75% LTV.

The lender offers loans to both the self-employed and contractors who have three months in a role. It also lends to those with some adverse credit allowing CCJs and defaults under £300 or over 36 months.

John Coffield, head of paradigm mortgage services (pictured), said that the number of quality challenger banks and mortgage lenders operating in the marketplace has grown significantly in recent years as shown by the latest UK Finance lending figures too.

He added: “Masthaven Bank is certainly one of those institutions and its commitment to all parts of the mortgage market, not just the mainstream, is evident in its product range and criteria. We feel certain that many Paradigm firms will have clients who will benefit from the lack of credit scoring and the significant flexibility that it offers. We look forward to working with the Masthaven team and introducing them and their range to our members.”

Matt Andrews, Masthaven Bank’s managing director of mortgages, said: “Masthaven is working with Paradigm and its mortgage intermediaries as part of our mission to make the specialist market more accessible for brokers and customers alike.

“Distribution partnerships such as this one are vital to this effort. Masthaven products are designed for customers that don’t fit the traditional high-street ‘cookie cutter’ approach. Paradigm is a leading mortgage distributor with strong expertise in the specialist market, and we’re confident that Paradigm’s DA firms will be able to find the answers to their customer needs.”

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Bridging

Keep up-to-date with all the breaking bridging and short-term lending news and analysis, from regulatory changes to product innovation and inside market knowledge. Take a look at our broker and lender case studies showing short-term finance in practice.

Commercial

Find all the news, opinion and analysis for property finance brokers specialising in commercial and semi-commercial mortgages, alternative and development finance for commercial investments in residential projects.

Second charge

Stay up-to-date with the latest news, analysis and opinion on the secured loan market as it evolves into a mainstream finance option following European regulation on 21 March 2016.

Complex buy-to-let

Whether it’s a complicated asset or a complex customer, you’ll find out all the breaking buy-to-let news in this section. From limited companies to portfolio landlords, student lets to a House in Multiple Occupation, we’ve got all bases covered with our up-to-the-minute news, analysis and opinion.

Mortgage Solutions

Find all the breaking news, analysis and industry comment on Specialist Lending Solutions' sister site, Mortgage Solutions
Read previous post:
Lenders increasingly open to borrowers on debt management plans – Brightstar

Consumer debt is higher than it has ever been. At the peak of the global financial crisis, consumer credit peaked...

Close