Specialist bridging lender added to Paradigm panel

Specialist bridging lender added to Paradigm panel




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The mortgage partnership proposition, Paradigm Mortgage Services, has added specialist bridging lender, Masthaven, to its bridging panel. 

The addition of Masthaven to the Paradigm bridging panel provides members with a lender which offers a low rate of 1.25% per month for all residential first-charge lending irrespective of LTV, property types and status. First-charge lending on commercial property stands at 1.45% per month, whilst provision of second-charge loans is at 1.5% per month.

 

LTV is based on a combination of open market value and purchase price and 100% LTV is available.

 

To mark the addition of Masthaven to the panel, Paradigm members can now access exclusive product terms throughout the next month. Throughout April the cost of the valuation will be refunded on all completions, saving clients as much as £1,385.

 

Head of Paradigm Mortgage Services, John Coffield, commented:

“We are delighted to announce the addition of Masthaven to Paradigm’s bridging panel. Masthaven has been operating in the market for over 25 years ensuring they have the necessary experience to deal with all types of bridging finance cases. Like Paradigm, innovation is at the heart of its operation and, given the nature of bridging finance, speed of completion is also a significant USP for the lender. We are also pleased to offer an exclusive offer for all Paradigm members using Masthaven which will see the cost of a valuation refunded on all completions to the client.”

 

Andrew Bloom, managing director at Masthaven Bridging Finance, added: “Everyone at Masthaven is extremely pleased to have entered into this partnership with Paradigm. What stands Paradigm apart is the experience of their senior management team and the added value they provide to each of their members.”

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