Paradigm Mortgage Services has launched a large loan referral service for members with broker Largemortgageloans.com.

 

Members of the mortgage partnership proposition are now able to refer those clients looking for large loan finance to Largemortgageloans.com, who specialise in placing mortgages from £500,000 to £50 million, secured on a range of assets including private jets, yachts, cars, shares and bonds. 

 

It offers mortgage solutions for clients including foreign nationals, British expats, UK residents earning in foreign currencies and ‘non-domiciled’ UK residents.

 

The brokerage will only deal with high net-worth clients under full status circumstances; no arrears or adverse credit are accepted and mortgages are available up to a maximum of 80% LTV.

 

For completed mortgages, Paradigm members will receive an enhanced referral fee via this new arrangement. 

 

Bob Hunt, chief executive of Paradigm Mortgage Services, said: "This referral service has been designed to ensure clients have the best chance of finding suitable finance and allow the introducing broker to remain confident that they are in the best hands for this type of arrangement. Paradigm has worked with the team at Largemortgageloans.com to ensure our members gain the best terms for any referral made and those looking for further information on the service should visit our website to see how they can benefit from this new arrangement."

 

Paul Welch, managing director of Largemortgageloans.com, said: "With the high-street lenders making sweeping cuts to their product ranges and criteria, even treating bonuses differently, brokers may be finding it hard to place large mortgage loans at the moment, with a resulting loss in revenue. That’s where the specialist knowledge and expertise of Largemortgageloans.com can make all the difference."