Paradigm Mortgage Services has told brokers to explore the short-term lending sector.

It believes the market could help clients who are suffering from the shortage in mainstream funding.

The mortgage partnership proposition has seen a number of new opportunities opening up for advisers in the bridging, commercial, short-term and property development sectors which could offer access to funding for those who may not be able to secure finance through more traditional routes.

Paradigm is urging its members, and all other advisers, to educate themselves about the sector and it has also suggested members actively consider the relationships Paradigm already has with a number of these propositions.

Paradigm offers its members access to a number of short-term lenders and has recently signed a strategic alliance with short-term asset finance provider, borro, which provides non-status loans secured against assets such as jewellery, luxury watches and gold.

Bob Hunt, chief executive of Paradigm Mortgage Services, said: “We now operate in a marketplace where the mainstream lenders are not always able to accommodate the finance wants and needs of many potential clients. Liquidity is still not what we would wish however there are growing opportunities to secure finance through different routes and this has been made possible by the growing number of lenders operating in the short-term finance sector.