You are here: cherry > Press releases for February 2011 > Paradigm makes Darlington BS addition to PFA lender panel

09 February 2011

Paradigm Mortgage Services, the mortgage partnership proposition, has today (9th February 2011) added Darlington Building Society to the lender panel of Paradigm Financial Advisers (PFA), the network service for appointed representatives. Darlington Building Society’s mortgage products will now be available to PFA member firms who can access the mutual’s range which includes discount, fixed and tracker rates plus, from time to time, specific loans for first-time buyers and buy-to-let properties. The mutual will be working with PFA members to ensure a quality service to both advisers and their clients. Members will also benefit from the competitive procuration fees offered by the Darlington. Darlington Building Society is over 150 years’ old and is the only mutual building society based in County Durham, the Tees Valley and North Yorkshire. Paradigm Financial Advisers offers appointed representative firms a ‘composite solution’ that sits between the traditional IFA network model and direct authorisation. AR firms benefit from the security of a network structure but are only charged a flat monthly fee per registered individual with commission paid direct from providers delivering full control of cash flow. AR firms also take part in an equity participation scheme and are provided with structured support programmes allowing them to embrace RDR, MMR and TCF. John Coffield, Head of Paradigm Mortgage Services, commented: “We continue to boost the lender panel of our network, PFA, with quality mortgage providers such as Darlington Building Society. It is vitally important that our AR firms and their clients have access to a broad range of both providers and products and the addition of the Darlington certainly adds weight to the panel. While there are a small number of lenders conducting the majority of mortgage business at present, there are also a sizeable number of smaller lenders who remain active in the market with some highly competitive products. By building our lender panel we want to ensure that our AR firms have access to the very best the market can offer. We look forward to working with the Darlington team and we believe PFA’s AR firms will be dealing with a quality mutual that has much to offer mortgage intermediaries and their clients.” David Copland, Marketing & Sales Controller at Darlington Building Society, said: “Having met John Coffield and Christine Newell, Partner Development Manager at Paradigm, it became instantly clear that these were the type of people we could do business with. Although we may not be one of the biggest mortgage lenders we do offer a personal service and AR firms will be dealing with real people where relationships matter. We don’t credit score so by dealing with Darlington Building Society Paradigm firms can avoid that ‘computer says no’ mentality.” For more information on Paradigm Mortgage Services, including how to join, please visit: www.paradigmmortgages.com For more information on Paradigm Financial Advisers, please visit: www.paradigmfinancialadvisers.co.uk For more information on Darlington Building Society please visit: www.darlington.co.uk

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