Paradigm has added Vida Homeloans to its lender panel, meaning all Paradigm advisers and member firms have access to the lender’s range of residential and buy-to-let mortgages.
This comes after Vida’s launch of specialist residential mortgage range with products including 2-year variable rates from 2.99%, 2-year fixed rates from 3.29%, and 5-year fixed rates from 3.79%.
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.
“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.
“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.”
Earlier this month Vida strengthened its buy-to-let proposition in response to the new PRA underwriting standards, making its rental cover 125% for basic rate UK tax-payers.