Together has joined forces with Paradigm Mortgage Services to extend its specialist finance offering to members of the mortgage club.
Paradigm provides intermediaries with access to procedures covering the entire market with over 1,000 directly authorised member firms.
Together will be offering its range of first charge residential mortgages, with loan sizes up to £1 million (including capital repayment and interest-only). Valuation and lender’s legal fees are not included and options include a five-year fix with no early redemption charges.
Richard Tugwell, group intermediary relationship director at Together, said: “We’re delighted to extend our offering to Paradigm’s members so that we can introduce our common-sense approach to thousands more brokers.”
“It’s essential that mortgage clubs like Paradigm have a broad range of lenders to suit different customer needs,” he continued. “Our strength is assisting in those unusual or complex cases that the mainstream finance providers may not be able to help with, and we’re looking forward to working with their member firms as a result of this new partnership.”
Together’s online portal, My Broker Venue, will be accessible for Paradigm advisers, where they can submit cases and receive a full, instant, decision-in-principle. Personal support from the lender’s team of experts will be available at all times.
“The burgeoning specialist market is a core area for many Paradigm firms,” said Jon Coffield, head of Paradigm Mortgage Services. “Especially given the growing demand from those borrowers who might not ‘conform’ to the affordability measures and criteria that can often be an obstacle with mainstream lenders.”
He added: “Together is a long-standing lender in this space and has a focus on the individual borrower, with a range of residential mortgage products which cater for this demographic.”
“We believe this ‘non-standard’ part of the market will develop much further in 2018 and beyond, and therefore it’s important that our member firms have access to lenders such as Together who understand the needs of these clients.”
The move comes after Together’s announcement in December that it had partnered with SimplyBiz mortgage club, as well as adding Personal Touch, The Right Mortgage & Protection Network, Intrinsic, Tenet Group and HL Partnership (HLP) to its list of broker networks.