Paradigm has added Scottish Bridging Loans to its lender panel.
Paradigm member corporations could have entry to Scottish Bridging Loans’ full vary of merchandise, which incorporates bespoke bridging loans tailor-made for varied complicated monetary wants.
Launched in January 2023, Scottish Bridging Loans presents protection throughout the nation, together with the Highlands and Islands, with none postcode restrictions.
The lender specialises in first- and second-charge bridging loans for a most interval of 12 months towards residential and business belongings, and in addition supplies second-charge bridging loans towards residential safety for enterprise functions.
The lender’s mortgage quantities vary from £30k to £1m, with loans out there up to 75% LTV and charges ranging from 1% monthly.
Scottish Bridging Loans additionally supply second-charge loans up to 75% LTV, with a most time period of 12 months, and may usually challenge indicative phrases inside the hour.
It facilitates financing for residential and business belongings, land with planning, purchases, mild refurbishments, growth exits, and buy-to-let investments.
Paradigm director of mortgages Richard Howes feedback: “The addition of Scottish Bridging Loans to our lender panel is a testomony to our dedication to enhancing our choices on this space.”
“Scottish Bridging Loans’ experience in bridging finance, and their capability to work intently with advisers to safe the very best offers for shoppers, make them a invaluable addition to our panel.”
Scottish Bridging Loan chief govt officer David Travers adds: “We are delighted to be working with an award successful mortgage membership like Paradigm. This will permit a larger quantity brokers to entry our merchandise and pattern our service ranges.”
