Hello, and welcome to the final edition for 2025 of our Newsletter. I will start by saying a heartfelt thank you to everyone either directly or involved in Paradigm Mortgage services. From our financial results covering April 2025 to September 2025 we have produced some record results. Lending applications through Paradigm were up over 40% year-on-year in the first half of the year, completions up 30%, and our lending (excluding PTs) was up around 18% against an estimated wider market growth of just 2%. So we’re outperforming the market which I think tells you two things. First, you our member firms are clearly active and using Paradigm. Second, we believe we have a strong handle on what is going on across the different lender types, because we are seeing a lot of live cases from a lot of firms and our overall proposition is in the main working for and with you our partners. Its been a busy year at Paradigm towers we have done our best to bring not only a proposition that has merit, but ideas and innovations that can help shape your thinking in a variety of areas. Recently we have focused on AI as many are doing, but we have sought your views with the first DA survey on this area, followed it up with an educational video with the OSB group and their Chief Risk Officer to look at the positives and negatives for your business with AI, and then launched the first LLM/AI marketing tool to allow you to assess your business’ capabilities now and potentially for the future using AI. In addition with the recent news from Lloyds Banking group on their Proc fees, where they have reduced the amount paid on Product Transfers we have a calculator in order you can assess the potential drop in income their decision means for you in order you make plans to “close the gap”. Hopefully, you will agree these are practical examples to help you make decisions that will affect your business moving forward. All of these ideas can be found on our website. In terms of the market, whilst the budget did its best to flatten any enthusiasm, and activity, the overall optics are positive for 2025 in terms of house price growth, the overall number of property transactions, lenders are predicting a market size of circa £285Billion, with a Re-finance opportunity at a staggering £427Billion. The EY ITEM Club expects mortgage lending to grow by just over 3% next year, easing back to just under 3% in 2026, and then settle at around 2.7% in 2027. So the broad view is steady growth. If we look further ahead, the Office for Budget Responsibility expects the average UK house price to rise from £260k to £305k by 2030. It also expects the number of property transactions to increase from around 1.1 million a year now to about 1.3 million by 2029. On supply, the OBR thinks the housing stock will grow by around three hundred and five thousand new homes a year by Richard Howes Director of Mortgages Paradigm Mortgage Market Update 04 MORTGAGE NEWSLETTER
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