Paradigm Mortgage Services has added Vida Homeloans to its lender panel.
All Paradigm advisers and member firms now have access to the lender’s range of specialist residential and buy-to-let mortgages.
Vida Homeloans recently launched a specialist residential mortgage range with products including two-year variable rates from 2.99%, two-year fixed rates from 3.29% and five-year fixed rates from 3.79%.
It also launched a new fee saver range with no product fees and refunds of valuation and assessment fees after completion (capped at £650).
John Coffield, head of Paradigm Mortgage Services, said: “We are very pleased to be starting this new relationship with Vida Homeloans, one of a new breed of lenders who have come to market relatively recently and have a fantastic approach to criteria and product provision.
“Vida recognise that borrowers come in many different shapes and sizes, and that intermediaries are looking for specific, flexible solutions for them. Their recently launched specialist range is firmly aimed at this borrower segment and, alongside its buy-to-let offering, we believe Paradigm advisers will have plenty to talk about with both Vida Homeloans and their own clients.
“There is a growing choice available in this market segment and at Paradigm we want to ensure that our members have access to the right products and at the right terms. We’re looking forward to working closely with the Vida Homeloans team in order to develop its offering with our members.”
Louisa Sedgwick, director of sales for mortgages at Vida Homeloans, added: “We are thrilled to be working with Paradigm to offer its membership a fantastic range of niche mortgage solutions targeted at borrowers who are overlooked by the mainstream lenders, including those recently self-employed, borrowers in or approaching retirement and customers with impaired and improving credit profiles.
“Vida Homeloans also offers a ‘Buy Together’ range of residential mortgages, which enables up to four applicants to purchase a home together.”
