From today members of both Paradigm Mortgage Services and PFA will be able to access the range of mortgage products currently offered by Bath Building Society.
These include:
- Purchase and remortgage products up to 80% LTV – discounts and lifetime SVRs.
- The Parental Assisted Mortgage Scheme – a specific product for first-time buyers that allows parents to assist their children by guaranteeing their mortgage, and allowing a charge over their own residence to support the loan required. This product is offered up to 95% LTV.
- Buy-to-let mortgages and student let mortgages.
- Holiday home mortgages.
Bath Building Society offer advisers and their clients one of the most flexible approaches to underwriting mortgages in the marketplace.
All applications are judged on an individual basis and a decision is made on an individual’s circumstances rather than via automated underwriting practices.
John Coffield, Head of Paradigm Mortgage Services, commented:
“Recently we have seen the mutual sector step up to the plate in terms of offering its products to a wider range of intermediaries and advisers. Bath Building Society certainly fit that mould and has a unique range of products that we believe will appeal to both our members and their clients.
"In particular, Bath Building Society has been one of the lenders to specifically deliver a product which will help first-time buyers onto the property ladder, with its Parental Assisted Mortgage Scheme.
"This type of innovation is to be applauded and we are therefore pleased to welcome them onto both the Paradigm Mortgage Services and the PFA lender panel. Members who are interested in the Bath Building Society mortgage proposition can find more information on the Paradigm websites.”
Steve Matthews, Head of Lending at Bath Building Society, said:
“We are a small local building society that lends throughout England and Wales. We pride ourselves on creating niche products to meet our customers’ requirements.
"We have an experienced team who are used to providing an individual service where we make the decisions – not our computers.”
