The Mansfield Building Society has been added to Paradigm Mortgage Services’ lender panel.
Paradigm members now have access to Mansfield’s range of mortgage products which cover residential, buy-to-let, shared ownership and later life lending.
The Mansfield’s buy-to-let range offers options for consumer, expat, family, holiday and business buy-to-let while its later life proposition includes two Retirement Interest Only (RIO) products as well as a number of residential mortgages – fixed and discounts – for borrowers up to age 85.
To ensure borrowers receive appropriate advice, access to The Mansfield’s RIO mortgages is only available through qualified advisers holding the CeReR or CertER qualification.
The Mansfield also offers a Versatility range, specifically for cases where an application may need more individual underwriting expertise.
John Coffield, head of Paradigm Mortgage Services, said: “There are few lenders that are able to offer as comprehensive a range of mortgage products as the Mansfield. This is why we wanted to be able to offer Paradigm members access to this lender and to ensure they can benefit not just from the products on offer, but the full intermediary focus of its proposition.
“We hear a lot about lenders diversifying away from residential into various niches, but few have embraced a similar approach to the Mansfield. With products available in buy-to-let, shared ownership, self-employed products, Right to Buy, unusual properties, RIOs, later life lending, and many more, the Mansfield has truly embraced the specific needs of today’s borrower.
“Our respective focus on intermediaries means we are well aligned, and we are very pleased to be welcoming this valuable addition to our panel.”
Paul Lewis (pictured), national development manager at the Mansfield Building Society, added: “We’re delighted to be going on panel with Paradigm and looking forward to working with their award-winning mortgage club. The care they give to their members dovetails nicely with our own standards and provides a hugely exciting opportunity for The Mansfield.
“We know that Paradigm provide terrific support to their member firms, particularly through their mortgage helpdesk, where we believe we’ll be able to add value with our flexible and pragmatic approach to lending.
“With a membership of over 1,300 directly authorised firms, employing circa-3,000 regulated advisers, we know we can help provide a wide range of solutions for these intermediaries and, just as importantly, their clients.”