Paradigm Mortgage Services, a mortgage proposition from Paradigm Partners, has officially launched today.
The service offers directly authorised firms access to mortgage products from the whole market, along with a number of mortgage support services.
Paradigm says it is unique, as it will offer members the chance to share in the capital growth of the business via a discretionary trust.
The new proposition offers two types of membership; associate members will gain an equal share in the incremental business generated throughout the year, while partnership members receive the benefits of associate membership as well as being able to accrue equity in Paradigm Mortgage Services and fully participate in the value of the business.
The lender panel consists of 33 mortgage lenders and there are also panels covering secured loans, commercial lending, bridging finance and protection.
Commenting on the proposition, Bob Hunt, chief executive of Paradigm Mortgage Services, says: “This is a key moment and the start of a unique proposition that is much more than just a mortgage club. We have built Paradigm Mortgage Services to challenge the existing value chain dynamic and inspire a new style of relationship between distributors and manufacturers.”
Hunt says over 500 registered individuals have already signed up to Paradigm Mortgage services.
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