Paradigm Mortgage Services has added later life lender more2life to its panel.
Paradigm member firms will now be able to access more2life’s range of lifetime mortgages.
John Coffield, head of Paradigm Mortgage Services, said: “One of the key growth areas for advisers over the next few years is likely to be the later life lending market and it’s important for Paradigm to work with the top providers in the sector and to ensure our firms have access to the quality products and range of services and resources, the likes of more2life can offer.
“The need for advice in the later life space has grown considerably, and now with other options such as RIO mortgages and a rise in the maximum age for mainstream loans, advisers need to have 360-degree knowledge to ensure they recommend the right product to the client.
“Working with more2life not only ensures we can offer its excellent product range to member firms but we can help grow the knowledge required in a fast-moving space, and that they have everything they need to deliver to a growing client bank.
“We’re looking forward to rolling this out to members and to working with more2life team to develop our later life proposition.”
More2life will offer Paradigm members access to its adviser support service, its digital process for submitting business via its online portal and access to resources.
Dave Harris, chief executive of at more2life, added: “As a lender, more2life recognises the vital role that organisations such as Paradigm play in the market and we are therefore delighted to announce this new partnership.
“This will enable Paradigm members to gain access to more2life’s later life lending products as well as the expert support our team provides for advisers.
“In 2019, more2life secured its fifth funder and launched a range of new products and variants, bringing its total to more than 80 plans – one of the widest selections on the market.
“Looking to the future, more2life is constantly looking for new ways to innovate and help advisers fulfil their clients’ needs.
“Partnerships with companies such as Paradigm not only give more advisers access to a wider range of choice but will hopefully aid the growth of this expanding market.”