Paradigm has added specialist bridging lender Scottish Bridging Loans to its lender panel.
From today, Paradigm member firms will have access to the range of Scottish Bridging Loans’ products, which includes bridging loans tailored for various complex financial needs.
Launched in January 2023, Scottish Bridging Loans specialises in first and second charge bridging loans for a maximum period of 12 months against residential and commercial assets, and also provides second charge bridging loans against residential security for business purposes.
Loan amounts range from £30,000 to £1m, with loans available up to 75% loan-to-value (LTV) and rates starting from 1% per month.
Additionally, Scottish Bridging Loans offers second charge loans up to 75% LTV, with a maximum term of 12 months.
Richard Howes, director of mortgages at Paradigm, said: “In a lending landscape that demands bespoke product options and solutions for complex borrower scenarios, we at Paradigm are constantly working on different ways to support our Scottish firms, ensuring they have access to the best products and services available.
“The addition of Scottish Bridging Loans to our lender panel is a testament to our commitment to enhancing our offerings in this area.
“Scottish Bridging Loans’ expertise in bridging finance, and their ability to work closely with advisers to secure the best deals for clients, make them a valuable addition to our panel.
“We are excited about the opportunities this partnership brings to our member firms.”
David Travers, CEO of Scottish Bridging Loans, added: “We are delighted to be working with an award winning mortgage club like Paradigm.
“This will allow a greater number brokers to access our products and sample our service levels.
“We provide fast and effective first and second charge bridging throughout the whole of Scotland with no postcode restrictions and we are excited to see the Scottish Bridging Loans and Paradigm combination flourish over the coming months.”
