The bank, which opened its first stores in 2010, is growing its distribution and reach into the mortgage market. In addition to Paradigm’s directly authorised members, the launch will also be extended to its appointed representatives within Caerus Capital Group.
Metro Bank is based in London and the South East, and its reach for mortgages includes parts of southern England reaching Kent, Berkshire, Oxfordshire, Hampshire and West Sussex.
The lender prides itself on offering exceptional personal service, individual case underwriting and offers residential, remortgage and buy-to-let products. Its residential tracker rates start at 2.89% with fixed rates available from 2.99%, while the buy-to-let equivalents start from 3.39%.
Bob Hunt, Chief Executive of Paradigm Mortgage Services, commented:
“The fact that we have been chosen as one of Metro Bank’s directly authorised intermediary distribution partners is testament to both the strength of our proposition and the calibre of our directly authorised members. It is also a sign that Metro Bank acknowledges not only the quality of business our brokers submit, but also the type of business given its focus on larger loan sizes.
"We are always evaluating our panel of lending partners to ensure breadth and depth and in this instance it is positive that we are able to offer our brokers an exclusive option that their counterparts elsewhere don’t have. Metro Bank may be relatively new on the lending scene, but it has already forged a solid reputation for flexible underwriting and tailored service, both of which are vitally important to borrowers in the current climate.
"We are sure the partnership will be mutually beneficial as our members benefit from increased product choice and Metro Bank is able to grow its distribution via our network of quality brokers.”
Richard Saulet, Director of Mortgages, Metro Bank, said:
“Metro Bank is dedicated to building a long term and highly successful intermediary partnership with Paradigm. We’re focused on providing brokers and their customers products designed entirely around their needs, as well as amazing service and convenience.
“We offer common sense banking with the personal touch and our individual underwriting service means that we can work on a case by case basis with brokers to find the right solutions for customers.”
