"Hampden & Co offers a bespoke lending service to clients and this new arrangement allows selected Paradigm member firms to introduce suitable clients to the bank"
Paradigm Mortgage Services has added private bank, Hampden & Co, to its lender panel.
Hampden & Co lends to commercial entities such as limited companies, partnerships and trusts as well as individual high net worth clients.
Its bespoke lending products cover both residential and buy-to-let mortgages and the bank lends on UK property to those resident in this country and those who have a current account with the bank.
As well as salaried income, Hampden & Co also takes into account pension income, property rental, investment and dividend income, director fees and income from Lloyd’s insurance activities.
John Coffield, head of Paradigm Mortgage Services, commented: “Hampden & Co offers a bespoke lending service to clients and this new arrangement allows selected Paradigm member firms to introduce suitable clients to the bank in order to access its product range. 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.
“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.”
Graeme Hartop, chief executive of Hampden & Co, added: “We are delighted to be working with Paradigm and their 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.”