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Paradigm adds Hampden & Co to lender panel

Theo Osborn | 07:29 Wednesday 4th July 2018

Paradigm Mortgage Services has added Hampden & Co to its lender panel.

The private bank offers a personal banking service to high-net-worth clients, their families and commercial entities, including limited companies, partnerships and trusts.

The bank lends on UK property to UK residents and those who have a current account with the bank, with loans including both residential and buy-to-let mortgages.

A key requirement of the bank is that staff must meet with prospective clients in order to undertake a full affordability assessment as it does not lend solely based on income multiples or via computer-based models.

Instead, each individual is assessed with pension income, property rental, investment and dividend income all taken into account by the bank in addition to salaried income.

John Coffield, head of Paradigm Mortgage Services, believed that the addition of Hampden & Co would allow selected member firms to introduce suitable clients to the bank.

“As in the main market, there is an increasing complexity to many borrowers’ income sources – especially the case for wealthy individuals – and it’s important they work with lenders and banks that understand the need for a bespoke lending service,” he said.

“We understand that advisers who have access to these types of clients might be willing and able to introduce them to Hampden & Co in order that they can benefit from the services on offer, especially if they are looking for larger loans and want a tailor-made offering. 

“Therefore, we have partnered with Hampden & Co to deliver a unique and bespoke offering to selected members.”

Hampden & Co recently reported a growth of 96% in its lending balances. 

Graeme Hartop, chief executive at Hampden & Co, said: “We are delighted to be working with Paradigm and [its] mortgage intermediaries. 

“Hampden & Co provides lending solutions to wealthy clients with more complex financial arrangements.

“All borrowing requests are dealt with on an individual basis and decisions made by our in-house experts.”

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