Paradigm has added Scottish Bridging Loans to its lender panel.
Paradigm member companies could have entry to Scottish Bridging Loans’ full vary of merchandise, which incorporates bespoke bridging loans tailor-made for numerous complicated monetary wants.
Launched in January 2023, Scottish Bridging Loans provides 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 in opposition to residential and industrial belongings, and in addition gives second-charge bridging loans in opposition to residential safety for enterprise functions.
The lender’s mortgage quantities vary from £30k to £1m, with loans obtainable as much as 75% LTV and charges ranging from 1% per 30 days.
Scottish Bridging Loans additionally supply second-charge loans as much as 75% LTV, with a most time period of 12 months, and might usually problem indicative phrases inside the hour.
It facilitates financing for residential and industrial belongings, land with planning, purchases, gentle refurbishments, improvement 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 potential to work carefully with advisers to safe one of the best offers for purchasers, make them a priceless addition to our panel.”
Scottish Bridging Loan chief govt officer David Travers provides: “We are delighted to be working with an award profitable mortgage membership like Paradigm. This will permit a higher quantity brokers to entry our merchandise and pattern our service ranges.”
