Paradigm has announced the addition of Crystal Specialist Finance to its distribution panel.
Crystal provide specialist finance product solutions and, with this new arrangement, will be able to work with Paradigm member firms and their clients on either a packaged or referral basis.
It works with over 100 lenders in sectors such as bridging/short-term finance, buy-to-let, commercial finance, development finance, second-charge mortgages, and specialist residential.
From today, members will be able to register with Crystal, choosing the Paradigm payment route, and ensuring clients can be packaged, or referred to, Crystal in order to secure access to a wide range of product choice, including exclusives.
Income paid to Paradigm member firms is dependent on the product selected and the service provided.
Richard Howes (pictured), director of mortgages at Paradigm, said: “Specialist lending solutions require specialist knowledge and an understanding of the different ways these types of cases are put together, the lender and product solutions available, and the potential issues that can be raised during the process. This is why we offer our member firms access to specialist distributors in this area, and why we are very pleased to be adding Crystal to our distribution panel where they’ll be able to accept clients on either a packaged or referral basis.
“This option is perfect for those firms who do not work in this sector themselves or want to utilise experts in their field, and secure access to a range of lenders and products they would ordinarily not be able to secure. Working with a respected business such as Crystal means they can cover all the bases required by their clients, ensure they get the recommendation they need, and open up an income stream which might not be available to them otherwise. We’re looking forward to working closely with the Crystal team and supporting this new relationship with our member firms.”
Dan Morris, key account director at Crystal Specialist Finance, added: “We have long admired Paradigm and are delighted to be joining their panel. Our Crystal proposition offers their adviser community flexibility and choice so they are able to provide enquiries either packaged or referred dependent on preference or circumstance. I am very confident that our expert team will help Paradigm members capitalise on the rapidly-expanding specialist market most notably in the bridging, commercial and complex buy-to-let areas.”