05 Mar, 2008
Paradigm Mortgage Services has launched an
exclusive large loan product with the Bank of Scotland.
The three-year large loan fixed rate product is offered at 5.75% up
to April 30 2011.
The product is available to 90% LTV on mortgages over
£500,000, up to a maximum of £2m, and comes with an
arrangement fee of 0.5%.
There are early repayment charges of 5% to April 30 2009, 4% to
April 30 2010 and 3% to April 30 2011.
This exclusive product is also offered with Bank of Scotland's
remortgage service for new clients remortgaging from another
The remortgage service is available when one of Bank of Scotland's
remortgage panel conveyancers is instructed, providing fee-free
conveyancing plus no valuation costs.
John Coffield, head of Paradigm, says: "We are delighted to
announce the launch of this large loan Bank of Scotland remortgage
product exclusively to Paradigm members. The product is offered
with a highly competitive 5.75% fixed rate with clients also able
to benefit from a fees-free valuation and conveyancing option
through Bank of Scotland's Remortgage Service.
"At a time when many intermediaries will be seeking to place large
numbers of remortgage clients, this product should certainly fit
the bill for those with larger loans and help secure the client for
a further three years. Intermediaries looking to access this
exclusive product should visit our website to learn how to join
Paradigm and gain access to the range of benefits and services we