Paradigm expands by adding Loughborough Building Society to its lender panel.
- The partnership offers Paradigm members diverse mortgage products, including options for first-time buyers and retirement borrowing.
- Loughborough introduces intermediary-focused affordability calculators, enhancing product accessibility.
- Richard Howes applauds this addition, emphasising its comprehensive benefits.
- Ashley Pearson highlights the dedication to innovative, flexible mortgage solutions.
In a significant move, Paradigm has announced the inclusion of Loughborough Building Society into its lender panel. This strategic partnership aims to broaden the scope of mortgage options available to members of Paradigm, covering a vast array of borrowing needs. With this collaboration, Paradigm continues to strengthen its position in the mortgage market.
The newly forged partnership with Loughborough Building Society brings forth an extensive range of mortgage products accessible to Paradigm member firms. These offerings include solutions tailored for home purchases, remortgaging, and larger loans, as well as buy-to-let and borrowing into retirement. Additionally, first-time buyers, those seeking family assistance schemes, shared ownership, buy for university, and holiday lets will find suitable options within Loughborough’s diverse product lineup.
An appealing feature introduced by Loughborough is a suite of intermediary-focused affordability calculators. These tools are designed to facilitate better access and understanding of the available mortgage products. The residential calculator, in particular, includes specialist products like high-income multiples and lending into retirement. Furthermore, the buy-to-let calculator offers solutions for scenarios such as let-to-buy, family buy-to-let, and holiday lets alongside standard options.
Richard Howes, the director of mortgages at Paradigm, expressed his enthusiasm for this development. He noted that the addition of Loughborough to the lender panel signifies a substantial enrichment in the options available for a wide range of borrowers, effectively making the mutual sector a comprehensive provider for diverse mortgage needs.
Ashley Pearson of Loughborough Building Society echoed this sentiment, emphasising the commitment to deliver innovative and flexible mortgage solutions. By joining Paradigm Mortgage Services’ panel, Loughborough aims to extend its reach and offer its specialised mortgage solutions to a broader network of intermediaries.
This partnership marks a promising advancement in providing varied mortgage solutions to suit increasingly diverse client needs.
