Paradigm partners with HUB Financial Solutions

Published on

Paradigm Mortgage Services has entered into a referral partnership with HUB Financial Solutions to allow member firms to refer clients for specialist equity release advice.

HUB Financial Solutions is part of Just Group plc. The agreement allows Paradigm member firms, who do not advise on equity release as a core part of their offering, to refer those clients to HUB Financial Services.

Established in 2006, HUB Financial Solutions is a specialist equity release advisory practice which has helped homeowners release more than £1 billion of equity from their homes.

As part of the referral arrangement, Paradigm Mortgage Services’ member firms will secure:

  • Support for a wider range of clients delivered by trusted, specialist equity release advisers.
  • An easy referral system and process by web or phone, with regular updates on the progress of each case.
  • Involvement to attend client appointments if they wish.
  • An introducer fee of 1.75% of the amount released on each completed case, with a minimum of £750.
  • A no cross-selling guarantee.

Richard Howes, director of mortgages at Paradigm Mortgage Services, said: “Over the past few years we have witnessed an increase in need and demand from older homeowners wishing to access the equity stored up in property for a range of uses. Mortgage advisers are seeing more clients who might fit the later life lending bill, and this new referral arrangement has been set up to allow Paradigm member firms more choice when introducing their clients to specialists in the equity release field, in order to explore whether such options are suitable and relevant.

“This is all about securing the best customer outcomes for clients and giving those advisers who do not have the authorisation or qualifications, to work in the equity release space, with access to those that do. We have been hugely impressed with the way HUB work and we have no hesitation in recommending this new referral partner to our Paradigm firms.”

Simon Gray, managing director at HUB Financial Solutions, added: “We are delighted that Paradigm Mortgage Services has chosen us as an equity release referral partner. Our service is designed to complement their members’ propositions, enabling those who don’t have equity release as part of their core advice offering to still support their clients. Those members can be confident their clients will receive good advice, that steps through a wide range of considerations before providing a personalised recommendation bespoke to the client’s needs and individual risks.”

 

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Precise marks first anniversary of broker app

Precise, part of the OSB Group, is celebrating the first anniversary of its broker...

Paymentshield expands senior sales team to strengthen intermediary partnerships

Paymentshield has doubled the size of its national account management team in a restructure...

Landlord profits approach five-year high as sector shows resilience

Nearly nine in 10 landlords are making a profit, according to new research for...

Ultimate Finance chief joins NACFB board

The National Association of Commercial Finance Brokers has appointed Josh Levy, chief executive of...

Together hires corporate sales director for London & SE

Together has strengthened its corporate finance team with the appointment of experienced financial services...

Latest publication

Latest opinions

Could a move to ‘enhanced advice’ also mean mandatory protection conversations?

The FCA’s recent Mortgage Market Discussion Paper (DP25/2) has got the industry talking about...

Take off the rose-tinted glasses and stop chasing a rate cut

Every six weeks the financial world raises its eyebrows at the prospect of a...

Job cuts to inflation shock: preparing for a mortgage arrears crisis

The latest data on jobs paints a picture of a rapidly weakening labour market. The...

URGENT! AI Is coming for you. Or maybe not…

I’ll try to make this as straight to the point as I can. The...

Other news

Precise marks first anniversary of broker app

Precise, part of the OSB Group, is celebrating the first anniversary of its broker...

Paymentshield expands senior sales team to strengthen intermediary partnerships

Paymentshield has doubled the size of its national account management team in a restructure...

Landlord profits approach five-year high as sector shows resilience

Nearly nine in 10 landlords are making a profit, according to new research for...