Masthaven joins Paradigm's bridging panel

Paradigm Mortgage Services, a mortgage network, has added specialist bridging lender Masthaven to its bridging panel.

Paradigm says the addition of Masthaven provides its members with a lender offering one low rate of 1.25% per month for all residential first-charge lending, irrespective of LTV, property types and status, and first-charge lending on commercial property at 1.45% per month.

The lender also provides second-charge loans at 1.5% per month, and bases LTV on a combination of open market value and purchase price, with 100% LTV is available.

To mark the addition of Masthaven to the panel, Paradigm members can now access exclusive product terms throughout the next month - throughout April the cost of the valuation will be refunded on all completions. "There are few more established bridging lenders available in the marketplace today," says John Coffield, head of Paradigm Mortgage Services.

"Members looking to access bridging finance for their clients will find an adviser-focused service from the Masthaven team. Masthaven has been operating in the market for over 25 years ensuring they have the necessary experience to deal with all types of bridging finance cases," he concludes.

IFAonline