Paradigm adds Vernon to lending panel

Aside from gaining access to the entire Vernon product range, Paradigm member firms will also be able to offer landlord clients access to its holiday buy-to-let product priced at 2.84% with a fee of £299

Paradigm adds Vernon to lending panel

Paradigm Mortgage Services has added Vernon Building Society to its lender panel, launching at the same time a new semi-exclusive buy-to-let product.

Aside from gaining access to the entire Vernon product range, Paradigm member firms will also be able to offer landlord clients access to its holiday buy-to-let product priced at 2.84% with a fee of £299.

They will also have access to Vernon’s dedicated intermediary helpline and direct contact with its team of business development managers.

Vernon Building Society offers a range of mortgage products to first-time buyers, home movers, those looking for a remortgage, retired borrowers, buy-to-let landlords, and self-build clients. It also offers later life lending with no age limitation, student mortgages, joint borrower sole proprietor, mortgages for those with complex incomes, first-time landlords, and interest-only options.

“With a personalised approach to writing mortgages and a real focus on the intermediary sector, we believe member firms will find much to interest them and their clients, with the addition of the Vernon to our lender panel. We’re looking forward to working with the team at the society and believe we can achieve a great deal with this new relationship,” Richard Howes, director of mortgages at Paradigm Mortgage Services, said.

“This partnership represents the latest step in Vernon’s ambitious growth strategy. We’re a small but innovative lender, with a common-sense, flexible approach to underwriting and a commitment to working with brokers. It’s clear Paradigm shares our focus on providing brokers with great service and we look forward to helping its members find lending solutions for their clients,” Brendan Crowshaw, head of mortgage and savings distribution at Vernon Building Society, said.