Cheval Bridging Finance has been revealed as the first lender on Paradigm Mortgage Services’ bridging lender panel.
Cheval provides short-term or bridging finance and will offer several key products for Paradigm members.
Cheval can lend up to 85% LTV dependent on market value with no lender fees up front or upon exit and 100% of purchase price.
Commenting on the announcement, Bob Hunt, chief executive of Paradigm Mortgage Services, says: “We will work in a true partnership with our member firms and our providers, such as Cheval, delivering full value and substantial benefits to all stakeholders.
"We hope and believe that this is the start of a valuable and prosperous partnership between ourselves and Cheval.”
Paradigm Mortgage Services is due to launch at the end of September, with additions to the panel expected to be announced over the next few days.
If you would like to comment on this story, contact:
John Bakie
Tel: 020 7034 2682
e-mail: John.Bakie@incisivemedia.com
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