Paradigm Mortgage Services has added the Scottish Building Society to its panel of lenders.
This will allow members in Scotland and the North of England to access the company’s range of residential mortgages, contractors, guarantors and professionals for both buyers and repayers. Scottish BS also offers retirement interest only mortgages, as well as products for self-build and bespoke construction, as well as holiday rental products.
The mutual offers individual subscription options for more complex cases which may be difficult to place. This includes mortgages for borrowers with impaired credit. It will also take into account “day one” self-employed earnings for professionals with fluctuating incomes, including locum physicians and associate attorneys.
Across its range of contractors, it will lend on the basis of one-year accounts, or one-year self-employment earnings. The company can also use the net profit as usable income. For those repaying to finance home renovations, the company will also use the “end value” of the project to calculate the LTV.
Paradigm says this addition will provide particular support to its Scottish intermediaries and focus area, which, as seen, Paradigm recently appointed Sarah Blackwood as its new Scotland Relations Manager, the Northern Ireland and the North East of England.
Paradigm Mortgage Services Director of Mortgages, Richard Howes, said: “The Scottish mortgage and protection market is increasingly important to Paradigm, and we are pleased to announce the addition of the Scottish Building Society. to our panel, in response to member comments.
‘He is active in a wide range of products and sectors and his flexible approach to underwriting means he can look at individual circumstances rather than applying a tick box approach.’
He says Paradigm will continue to work closely with member companies in Scotland to add value to their businesses across a wide range of areas, as well as identify new opportunities.
The Scottish Building Society’s Intermediary Manager, Stephen Brown, adds: “We appreciate the strong links we have with our intermediary partners. This is reflected in our recent broker satisfaction score of 92.1%, which puts us among the top lenders in the UK for brokerage service. »