Paradigm adds Furness BS to lender panel

By Bridging Loan Directory 20th March 2018

Paradigm Mortgage Services, the mortgage services proposition, has today (20th March 2018) added Furness Building Society to its lender panel.

From today, Paradigm member firms will have access to the Furness Building Society which has been providing mortgages for over 150 years and is a top 20 building society in the UK.

It offers a competitive range of products across a range of lending solutions and, as well as mainstream residential, it offers a comprehensive buy-to-let range, including consumer buy-to-let, regulated family buy-to-let and unregulated buy to lets, whether the client is a first-time landlord or a seasoned portfolio landlord. The Furness’ holiday let mortgages also have the benefit of allowing clients to use the property themselves for 90 days, unlike some other lenders.

Furness also has an exclusive arrangement for self-build mortgages with Buildloan and offers both Advanced Stage Payment and Arrears Stage Payment solutions for home builders.

The Society lends throughout England, Scotland and Wales, and has experienced underwriters who are happy to look at applications for more complex cases with multiple income streams or for self-employed applicants with complex accounts.

Brokers are well supported through Furness for Intermediaries and can access a BDM who can see them face-to face or through its Intermediary Helpdesk on 0800 988 1561.

John Coffield, Head of Paradigm Mortgage Services, commented:

“Our commitment to adding quality lending partners to our lender panel does not stop, and we are therefore very pleased to be able to announce the addition of Furness Building Society today. This is a society committed to the intermediary sector with a dedicated team and broker website hub, plus a focus on providing product solutions to clients, and a willingness to look at cases on their individual merits rather than via a tick-box approach. The Furness has some very interesting product options, particularly in areas such as buy-to-let and self-build. We are looking forward to working closely with the team at the Furness and I’m sure Paradigm members will be keen to review its full product offering as it joins our panel.”

Sue Heron, Sales & Marketing Director at Furness Building Society, said:

“We are absolutely delighted to have joined the lenders panel at Paradigm and very much look forward to working with them. Furness For Intermediaries is committed to supporting our intermediary partners and provides a range of lending solutions which include both mainstream residential and buy-to-let products but we also have the capacity to look at cases which need a little more attention and our experienced underwriters will take the time to look at complex cases, applications for the self-employed, and where extra help is needed for borrowers looking to get on the property ladder by offering joint ownership/sole proprietorship solutions whilst offering a competitive product range.”