Paradigm Mortgage Services has added the Ipswich Building Society to its lender panel.
The Ipswich Building Society has a dedicated intermediary support unit available to those advisers based in its main areas of Suffolk, Norfolk, Essex, Cambridgeshire, Bedfordshire and Hertfordshire.
Paradigm members based in those regions will now have immediate access to the Society’s range of mortgage products which cover first-time buyer, homebuyer, remortgage and shared ownership. The Ipswich Building Society will also consider cases for the self-employed, contractors, and borrowers in or approaching retirement.
The products available include:
- A 3.59% two-year fixed rate up to 90% LTV, available to first-time buyers, homebuyers and those looking to remortgage.
- A 4.99% two-year fixed rate up to 95% LTV, available to first-time buyers and homebuyers.
- A 5.15% two-year fixed rate affordable home loan for shared ownership up to 95% of the share, available to first-time buyers and homebuyers.
All mortgage applications are individually underwritten with no credit scoring. The Ipswich Building Society currently has approximately 65,000 members and looks after over 5,000 mortgage accounts.
“Our commitment as always is to present our members with access to the highest quality lenders and providers operating in the market today, and therefore we are particularly pleased to be bringing Ipswich Building Society on to our lender panel,” said John Coffield, head of Paradigm Mortgage Services.
“Our adviser members who operate in the six regions will now be able to access Ipswich’s range of mortgage products and benefit from its service quality. This is a lender which is committed to individual, manual underwriting which allows advisers to present cases which perhaps may not fit, what we would describe, as the mass-market vanilla ‘mainstream’. Instead they will be dealing with a lender which has strong criteria and is able to look at cases based on a full understanding of risk, rather than a ‘computer says no’ approach.
“We believe our adviser members will find a lender committed to a partnership approach and we are looking forward to working with the team at Ipswich in order to establish a successful relationship.”
Michelle Stevens, head of mortgage sales at Ipswich Building Society, added: “We’re delighted to be joining Paradigm’s lending panel. We look forward to working with the members of Paradigm and providing them and their clients with a range of great products during 2015.
“Ipswich Building Society is known for supporting those considered ‘mortgage misfits’ by larger lenders. We use our manual underwriting to review cases on an individual basis and this is ideal for clients who are self-employed, working on contracts or those in or approaching retirement. We hope the members of Paradigm will find this underwriting expertise useful for their clients.”
