The Paradigm Advent Calendar

Sunday 1 December

The Paradigm Elves aren’t here at the weekend, but they’ve left our brand new 2020 Compliance Calendar template for you to take a look at and download here


Monday 2 December

Which lenders will consider a BTL application where the property will be let via Air BnB?

Leeds BS, Principality, Furness BS, Tipton BS, Foundation Home Loans, Swansea BS and Together are all able to consider BTL applications where the property will be let out using AirBnB.


Tuesday 3 December

Which lender will accept clients who are currently in an Individual Voluntary Arrangement (IVA)?

MBS Lending and Bluestone will consider residential applications from clients who are currently in an IVA. Bluestone have this as an exclusive product via Brightstar Financial.


Wednesday 4 December

Which lender will consider applications from Foreign Nationals, living overseas?

Gatehouse Bank are happy to accept BTL applications from Foreign Nationals living outside of the UK.


Thursday 5 December

Which lenders will accept LTD company accounts which are over 18 months old?

Metro Bank, Virgin Money and Aldermore will accept LTD company accounts that are 21 months old and Foundation Home Loans will accept LTD company accounts that are 24 months old.


Friday 6 December

Which lenders offer Retirement Interest Only (RIO) mortgages?

Bath BS, Beverley BS, Hanley Intermediaries, Hodge Lifetime, Hinckley & Rugby BS, Ipswich BS, Leeds BS, Marsden BS, Newbury BS, Nottingham and Tipton BS all offer RIO mortgages.


Saturday 7 December

The Paradigm Elves aren’t here at the weekend but their tip for the weekend is to sign up to Paradigm’s CPD Academy to access CPD content and easily record my CPD hours.

Paradigm’s CPD Academy allows advisers to access mortgage and protection related CPD material from a wide range of Paradigm’s Lender and Provider partners. You can use the tool to record the activity you have completed so you can access a running total of your CPD hours. Content on the CPD Academy is regularly updated and has proved extremely popular since its launch and the introduction of the IDD rules. Find out more about the CPD Academy and sign up for free here.


Sunday 8 December

The Paradigm Elves aren’t here at the weekend but their tip for the weekend is to sign up to Paradigm’s CPD Academy to access CPD content and easily record my CPD hours.

Paradigm’s CPD Academy allows advisers to access mortgage and protection related CPD material from a wide range of Paradigm’s Lender and Provider partners. You can use the tool to record the activity you have completed so you can access a running total of your CPD hours. Content on the CPD Academy is regularly updated and has proved extremely popular since its launch and the introduction of the IDD rules. Find out more about the CPD Academy and sign up for free here.


Monday 9 December

Who will allow a First Time Landlord to purchase a HMO property?

BM Solutions, Barclays, Kent Reliance and Together are able to consider First Time Landlords for HMO purchases. 


Tuesday 10 December

Who will accept Buy to Let applications from First Time Buyers?

 

NatWest, Barclays, Precise, Vida Homeloans, Bluestone, Kensington, Melton Building Society, Chorley Building Society, Hanley Intermediaries, Landbay and Together are able to accept BTL applications from First Time Buyers.


Wednesday 11 December

Which Buy to Let lenders are able to lend to trading LTD companies?

Aldermore, Keystone Property Finance, Vida Homeloans, Newbury Building Society, Landbay, TML and Together are happy to lend to LTD companies that are not set up as a Special Purpose Vehicle (SPV) and are trading in another business area.


Thursday 12 December

Which lenders will consider Semi Commercial properties? e.g. A commercial unit downstairs, with a flat above, all on one property title.

Interbay, Together, Newbury BS and Swansea BS will consider Semi Commercial properties.


Friday 13 December

Which lenders will allow a “Let to Rent” scenario?

BM Solutions, Principality, Newcastle BS, Masthaven, Hinckley & Rugby BS and Together will allow a client to remortgage their main residence onto a BTL, and move into rented accommodation as opposed to purchasing a new residential home.


Saturday 14 December

The Paradigm Elves aren’t here at the weekend but their tip for the weekend is to take a look at what events Paradigm have scheduled for 2020 that will count towards CPD hours.

Throughout 2020, Paradigm will be running a series of Mortgage and Protection events and Specialist events across the UK, which will contribute to our member firms’ structured and unstructured CPD hours. We will also be hosting a workshop dedicated to helping you understand the process of becoming Directly Authorised. Find out more about our busy events schedule and sign up for our 2020 events here.


Sunday 15 December

The Paradigm Elves aren’t here at the weekend but their tip for the weekend is to take a look at what events Paradigm have scheduled for 2020 that will count towards CPD hours.

Throughout 2020, Paradigm will be running a series of Mortgage and Protection events and Specialist events across the UK, which will contribute to our member firms’ structured and unstructured CPD hours. We will also be hosting a workshop dedicated to helping you understand the process of becoming Directly Authorised. Find out more about our busy events schedule and sign up for our 2020 events here.


Monday 16 December

Who will accept a Regulated BTL application?

Bluestone Mortgages, Melton BS and Mansfield BS will accept a true Regulated BTL scenario.


Tuesday 17 December

Which lenders offer Offset Mortgages?

Scottish Widows, Barclays, Accord, Coventry, Hinckley & Rugby BS, Beverley BS and Family BS all offer Offset Mortgages.


Wednesday 18 December

Which BTL lenders will consider lending on a studio flat with a floor space of less than 30sqm?

BM Solutions, Santander, Swansea BS, Hodge and Together are all happy to lend on studio flats with a floor space of less than 30sqm.


Thursday 19 December

Which lenders will offer BTL mortgages at 85% LTV?

Kent Reliance, Kensington and Vida Homeloans will lend up to 85% LTV on BTL mortgages.


Friday 20 December

Which residential lenders will take into account income received from a lodger when calculating affordability?

Santander, Bath BS, Hinckley & Rugby BS, Mansfield BS and Vida Homeloans are happy to accept income received from a lodger on residential remortgage applications.


Saturday 21 December

The Paradigm Elves aren’t here at the weekend but their tip for the weekend is to take a look at our FREE eBook on Combatting Mortgage Fraud which we produced earlier this year and includes how to spot potential fraud & prevent it. Download the guide here.


Sunday 22 December

The Paradigm Elves aren’t here at the weekend but their tip for the weekend is to take a look at our FREE eBook on Combatting Mortgage Fraud which we produced earlier this year and includes how to spot potential fraud & prevent it. Download the guide here.


Monday 23 December

Which lenders will accept BTL applications where the client is looking to let the property to Asylum Seekers?

Godiva, Accord Mortgages, Santander, Fleet Mortgages, Together and Bluestone Mortgages will all consider BTL applications from borrowers that wish to let the property to Asylum Seekers.


Tuesday 24 December

We hope you have enjoyed our daily hints and tips to make the countdown to Christmas a bit more exciting, and we hope they have helped you place some cases, or will do in the future!

Wishing you and your families a great break, and all the best for 2020!

Our tip for today: Switch off for the festive period!