Paradigm teams up with Largemortgageloans to offer referral service

From today, Paradigm members will be able to refer those clients looking for large loan finance to Largemortgageloans, who specialise in placing mortgages from £500,000 to £50m.

Members will then be able to access competitive interest rates, low arrangement fees and high LTVs through its panel of private banks.

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."

Paul Welch, managing director of Largemortgageloans, 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 is where the specialist knowledge and expertise of Largemortgageloans can make all the difference."