Paradigm Mortgage Services has added Bath Building Society to its lender panel for directly authorised (DA) firms as well that of Paradigm Financial Advisers (PFA), the network service for appointed representatives (ARs).
Members of both Paradigm Mortgage Services and PFA will be able to access the range of mortgage products currently offered by Bath Building Society. These include purchase and remortgage products up to 80% LTV, a parental assisted scheme, buy-to-let deals and holiday home mortgages.
The Parental Assisted Mortgage Scheme is a specific product for first-time buyers that allows parents to assist their children by guaranteeing their mortgage, and allowing a charge over their own residence to support the loan required. This product is offered up to 95% LTV.
All Bath BS applications are judged on an individual basis and a decision is made on an individual’s circumstances rather than via automated underwriting practices.
John Coffield, head of Paradigm Mortgage Services, said: “Recently we have seen the mutual sector step up to the plate in terms of offering its products to a wider range of intermediaries and advisers. Bath Building Society certainly fit that mould and has a unique range of products that we believe will appeal to both our members and their clients.
