Octopus Real Estate added to Paradigm lender panel
Paradigm Mortgage Services, the mortgage services proposition, has today announced the addition of Octopus Real Estate to its lending panel.
From today, Paradigm member firms will have access to the full range of lending solutions offered by October Real Estate, covering residential, buy-to-let, commercial and development funding.
Octopus Real Estate provides residential and commercial bridging loans, pre-approved auction loans, commercial term loans and buy-to-let mortgages, including specialist products for short-term lets, first-time buyers and foreign nationals.
Octopus also offers development finance products, including its Greener Homes Alliance formed with Homes England, providing SME housebuilders with loan finance and expert support to build energy-efficient properties.
Paradigm member firms are able to access a range of resources via the Octopus Real Estate website including lending documentation, loan enquiries, and policy documents.
Octopus Real Estate has been lending in the UK for over a decade providing bespoke, customer-focused lending solutions. It has lent more than £5.7 billion via over 4,100 loans, with competitively-priced financing spanning the property investment lifecycle, with loans typically ranging from £100k to £100m.
Richard Howes, Director of Mortgages at Paradigm Mortgage Services, commented: “There continues to be strong demand and need for advice in the property development marketplace and providing our firms with access to quality lenders for these clients is a major focus for Paradigm. We’re therefore very pleased to be bringing Octopus Real Estate on to our lending panel, given its experience in this market and the wide range of funding solutions it deploys, whether bridging, buy-to-let, commercial or development. Landlords and developer clients are looking at the ways and means by which they can develop their property portfolios and address the supply-side issues we currently have. We’re looking forward to working with the team at Octopus Real Estate to introduce its proposition to our members and to grow their lending footprint with our firms.”
Steve Matthews, Head of Residential Lending at Octopus Real Estate, said: “We are pleased to announce our new partnership with Paradigm, with our full range of products going live to its member firms. We are looking forward to working closely with the team at Paradigm to add value to our adviser partners and their businesses. Paradigm’s Mortgage Club provides a friendly, supportive community that we know will really work in partnership with Octopus. Paradigm is on the ball with industry news and developments, providing ongoing training and support, access to CPD events, and regular market commentary.
“Increasing numbers of borrowers continue to turn to specialist lenders, so it’s vital advisers have instant access to specialist products through distributors such as Paradigm. Our new relationship furthers our commitment to making the lending process as pain-free as possible for advisers and their clients.”