Paradigm unveils Chorley exclusives

Paradigm Mortgage Services has launched three new product exclusives with Chorley Building Society.

The products are available for a limited trial period amongst selected Paradigm member firms.

The deals are:
Three-year residential mortgage available at 90% LTV – discount off Chorley’s SVR with a current rate of 4.74%.
Two-year buy-to-let purchase mortgage available at 80% LTV – discount off Chorley’s SVR with a current rate of 4.99%.
Two-year buy-to-let remortgage available at 80% LTV – discount off Chorley’s SVR with a current rate of 4.99%.
Paradigm and Chorley Building Society anticipate further funding being made available which will allow Paradigm to open up the products to its whole membership.

Bob Hunt, chief executive of Paradigm Mortgage Services, said: “Part of our focus at Paradigm is working with lenders and offering true product exclusives that can only be accessed by our membership. We have a very positive working relationship with Chorley Building Society and are pleased to be able to offer these three exclusives to selected member firms for a limited trial period.

“These are competitive products in the current marketplace and we are confident there will be a strong take-up for them. Clearly we will look at how this trial progresses and if, as hoped, it is a success we will be looking to work with Chorley further in order to provide more exclusive products that can be accessed by all our members.

“We believe this is merely the start of such opportunities for Paradigm members and we are looking forward to working with the Chorley team to distribute these products to members and ultimately provide mortgage finance to their clients.”

Stephen Penlington, chief executive at Chorley Building Society, added: “We are looking forward to working with Paradigm Mortgage Services. Chorley Building Society has developed an excellent reputation for providing attractive mortgage products combined with traditional underwriting values and high quality service standards.

“Our approach to underwriting is that we consider each individual case on its own merits and this ‘personal touch’ approach to mortgages is highly valued by the broker community.”