Get a basic compliance package for free* with Paradigm!
If you are a directly authorised firm that writes mortgage and protection business, Paradigm will cover the cost of you receiving our basic compliance package – the package costs £75 VAT per month (£900 VAT per year).
We pride ourselves in our unique and transparent profit share scheme, so at the end of the year, we will simply the deduct the compliance costs from the amount you have accrued.
Even better news, we will still pay you the remaining difference that you have left from the profit share scheme.
Example: If your share accrued in the annual profit share scheme was £2,200, we would deduct £900 VAT (£1,080) for compliance services, leaving £1,120 payable to the firm.
What does the free* compliance package include?
As well as the advantages of being a Paradigm Mortgage Services and Paradigm Protect member which you automatically benefit from, you will receive:
- Access to Paradigm’s compliance support website and the Compliance Manual, tailored specifically to your permissions
- Access to Paradigm’s experts on the Mortgage Placement Helpdesk
- Access to Paradigm’s Technical Helpdesk for your compliance queries
- Paradigm’s monthly compliance bulletins including specialist Mortgage related regulatory updates
How can I access this?
To be eligible to take advantage of Paradigm’s free* compliance package, you must:
- Use Paradigm as your payment route when submitting mortgage applications to Lenders
- Align your agencies to Paradigm Protect's market-leading commercial terms for your protection business
As you will already be aware, both of these propositions are extremely competitive meaning that your net position will not be worse off.
If you are not already doing these, we will endeavour to make this transition as smooth as possible, with minimal impact for your firm.
Your business volumes will be monitored and Paradigm reserves the right to withdraw access to the compliance services if business volumes via Paradigm are not sufficient.
Need additional compliance support?
Paradigm offer a wide range of compliance and technical support services, including on-site and remote file checking and compliance audits, which compliment this package. We would be delighted to discuss additional services and the associated costs.
*There are no direct costs to you for taking out this compliance package and you will not be asked to pay a monthly fee to Paradigm to access these services. Paradigm will cover these costs for your firm (a total of £900 VAT per year) and deduct the total cost from our unique profit share scheme on an annual basis. Paradigm reserves the right to withdraw access to this package at any time if business volumes are not deemed sufficient to cover the costs relating to this compliance package.
Please register your interest via the form below and we will be in touch.