Castle Trust joins Paradigm's lender panel

Paradigm Mortgage Services has added Castle Trust Bank to its lender panel.

Its members will now have access to the bank’s specialist ranges, including bridging finance, residential BTL and holiday lets.

As long as clients have a UK mortgage footprint, Castle Trust will consider applications up to 80% gross day-one LTV from first-time landlords, limited companies, expats and foreign nationals for BTL, holiday lets, refurbishments, development exits, HMOs and MUBs.

The lender also offers 10-year term mortgages up to 75% LTV through its TermTen product, with initial fixed rates for two or five years, and the ability to provide a guaranteed exit option on its bridging loans by linking them to its TermTen offering through the bridge-to-let option, if needed.

Richard Howes, director of mortgages at Paradigm Mortgage Services, said: “Over the course of the past few months, we have announced a number of new lender relationships with innovative operators in the market and are very pleased to be able to bring on board Castle Trust.

“Our adviser members respond to creativity and flexibility in this space, and Castle Trust fits this bill, with a focus particularly in holiday property, residential BTL lending and, coupled with the ability to link up with bridging options, means landlords and investors are well catered for. 

“We’re looking forward to working with the Castle Trust team and would urge our member firms to review its product range and the support it offers to advisers.”

Rob Oliver, sales director at Castle Trust (pictured above), added: “Paradigm is an excellent mortgage club and we’re really looking forward to working with its members and increasing our distribution footprint through this new relationship, allowing their DAs firms access to our innovative product range.”

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