Paradigm adds Newcastle Intermediaries to lender panel

Michael Lloyd

February 27, 2018

Paradigm Mortgage Services has added Newcastle Intermediaries to its mortgage lender panel, meaning from today Paradigm member firms can access the product range of the intermediary arm of Newcastle Building Society.

These include a range of residential loans, buy-to-let, self-employed and Help to Buy products.

John Coffield, head of Paradigm Mortgage Services, said: “Many building societies have reshaped their offering in recent years to provide a much more bespoke product offering that considers individuals’ wants and needs, and the fact they might not fit a more ‘vanilla’ proposition.

“Newcastle Intermediaries have certainly led the way in this regards with a range of product options and a commitment to individual underwriting that allows them to look at many borrowers and not just sentence them to a ‘computer says no’ approach.

“Alongside its mainstream residential product proposition, it offers a range of options to clients who might be looking for buy-to-let finance, or are self-employed, or want to access the government’s Help to Buy scheme.

“We believe many Paradigm advisers will find the addition of Newcastle Intermediaries to our panel – a lender with a strong tradition and a nationwide approach – a welcome one and we’re looking forward to working with the team there to provide its solutions to our member firms.”

Newcastle Intermediaries provides 95% LTV mortgages, fees-assisted products as well as 5-year fixed-rate buy-to-let products stressed at a rental coverage of 145% at 4%.

The society’s Help to Buy mortgages are available for both purchases and remortgages, with £500 cashback offered on purchases or free legals on its remortgage product.

Steve Carruthers, head of mortgage distribution at Newcastle Intermediaries, said: “We’re really looking forward to working with Paradigm Mortgage Services whose personal approach to customer service mirrors our own.

“Our service to brokers has been responsively designed, and based on broker feedback. Similarly, our bespoke underwriting demonstrates our commitment to helping brokers manage a variety of customer needs, whether straight forward or non-standard.”

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