Paradigm launch Marsden B2L exclusives
The products, which are the first to be offered to intermediaries from Marsden, are a 2.99% 2-year discount rate to 75% LTV and a 2-year fix at 3.39% to 75% LTV.
Both revert to the buy-to-let standard variable rate, currently set at 6.1%, and come with a booking fee of £399 and an arrangement fee of 0.5% of the advance.
John Coffield, head of Paradigm Mortgage Services, said: “This is a real coup for Paradigm and our members as these are the first ever buy-to-let exclusive products launched by the Marsden.
“We know that our firms conduct a higher than average percentage of buy-to-let business than the overall intermediary sector and therefore this is the perfect fit for the Marsden, Paradigm as the distributor, and our adviser members.
“These are two highly competitive deals which come with both competitive rates and a range of added benefits that are bound to appeal to both our advisers and their clients.
“We are sure these exclusive products will be highly appealing to all our members and we welcome Marsden’s choice of Paradigm as the go-to distributor to launch what is a first for them in the marketplace.”
Both products come with a procuration fee of 0.5%.