From today, Paradigm members can access West One Loans’ niche bridging service where every loan is assessed on its individual merits. . 

West One Loans offer products with rates from 1.25% per month; no exit fees; residential, commercial and semi-commercial applications accepted; completions within 36 hours; non-status lending; and no upfront legal fees.

To celebrate the launch with Paradigm, West One is offering an enhanced rate of commission to all members. For a limited time, West One will pay introducers 67.5% of the loan’s arrangement fee; typical arrangement fees range from 1.5-2%.  

This is a special introductory offer and applies to all cases submitted prior to 31st December 2009 that complete by 31st January 2010.

John Coffield, Head of Paradigm Mortgage Services, commented: “Paradigm is delighted to add West One Loans to our bridging lending panel. At a time when many lenders are absent from the market, West One has a substantial funding line and is eager to lend in this sector. The nature of bridging finance means advisers and customers want speed, certainty and a quality service – we believe West One provides all this and will deliver hassle-free lending to all those members who use the service. We are also pleased to announce enhanced procuration fees for all Paradigm members using West One throughout the rest of 2009. Members looking for further information should visit the Paradigm website and we look forward to a substantial and profitable partnership between ourselves, West One and all members.”

Duncan Kreeger, Chairman of West One Loans, said:“West One Loans has teamed up with Paradigm because of its strong ties with high volume brokers up and down the country. West One Loans offers all brokers a service that is lacking in the market and has money to lend against all types of property.”