Paradigm adds Newbury to lender panel

Paradigm Mortgage Services has added Newbury Building Society to its lender panel.

Member firms of Paradigm will now have access to Newbury’s residential, buy-to-let, shared ownership and shared equity mortgage products.

Furthermore, member firms will now be able to access Newbury’s BTL proposition, which is, in cases where the rental coverage is not met, factors in the client’s overall financial position.

The BTL proposition will also allow other sources of income and will lend on regulated and consumer BTLs.

In addition, Newbury will lend to limited companies and expatriates purchasing investment property in the UK.

Paradigm Mortgage Services head John Coffield comments: “Many building societies can now be considered at the cutting edge of the lending market, with an ability to look beyond the mainstream and to tailor the product range and proposition to an ever-wider array of sectors and borrower types.

“The fact that [Newbury Building Society] does not credit score and looks at each case on its individual merits is a crucial USP.”

Newbury Building Society sales manager Karen Smith adds: “We are proud to offer a varied mortgage book and welcome complex and specialist cases; we are comfortable with applications needing something a little bit special.”

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