Clydesdale Bank has announced that it will be the latest mortgage lender to join the panel of lenders at Paradigm Mortgage Services, giving members of the latter access to its product range.
This means advisors who work for a company that is a member of Paradigm will be able to view, on behalf of their clients, all the professional, first-time homebuyer, offset and residential products that Clydesdale has to offer. Among these options are full interest-only 75% loan to value (LTV) products and part-and-part mortgages with 80% LTV.
Clients who are seeking a let-to-buy or buy-to-let loan will also be able to find these among the Clydesdale range, and advisors will be able to check affordability using the incomings and outgoings of clients, instead of rental stress tests.
Furthermore, there are products available for borrowers who are freelance or self-employed, at a time when they are finding it more difficult than ever to get a mortgage. Advisors who work for Paradigm member companies will find loan application and tracking tools, as well as an affordability calculator, on the website for the Clydesdale Bank.
Speaking to Mortgage Introducer, Richard Howes from Paradigm said:
“I think we all understand the increased need for lenders who work flexibly with advisors and clients, simply because there are far more cases which now require this approach.”
Howes added that Clydesdale Bank was an example of such a lender.
After completing their CeMAP mortgage advisor course, many advisors look to join firms where they can maximise their access to lenders and products.