Paradigm has announced the addition of Penrith Building Society to its lender panel.
Member firms of Paradigm (the mortgage, protection and compliance services specialist will be able to access Penrith’s range of residential and buy-to-let mortgage products for both purchases and remortgages.
Penrith offers a range of variable rate mortgage products for borrowers seeking mainstream and more niche needs including large loans, foreign currency, expats (including buy-to-let and holiday let), multi-unit, shared ownership, self-build/renovation, second home, and further advances.
The society also offers distinct criteria such as no maximum borrower age, use of earned income up to the age of 75, interest-only (up to 50% LTV with a minimum equity of £250k), expat buy-to-let and holiday let with top slicing if required.
In addition, Penrith will also be added to Paradigm’s ‘Building Society Collective’ e-mail – a service offered by its Mortgage Helpdesk which allows member firms to send case enquiries to over 20 building societies at the same time for a case-by-case approach.
Paradigm director of mortgages Richard Howes comments: “Building societies continue to be at the cutting edge in terms of exploring existing and new product options and ensuring they provide mortgage solutions to a much wider array of borrowers.
“The Penrith Building Society proposition certainly achieves this, and then some, and we are very pleased to be able to kick off 2024 with its addition to our lender panel”.
