Paragon have worked with intermediaries in the private rented sector for over 20 years, and have built up a wealth of experience in meeting the needs of both portfolio and non-portfolio landlords; whether they are individuals, limited companies or limited liability partnerships.

To make things as easy and as straightforward as possible for you, they have split their products by portfolio and non-portfolio.

Proc Fees

Product Gross     Min Net        Min
All Products 0.55% £300 0.50% £250
Further Advances 0.55% 0.50%
Product Transfers 0.4% 0.38%
Bridging Finance 0.75% 0.70%
Product Type When does the lender pay PMS? Frequency
All Within 28 days of completion Daily
Second charge Day after completion Daily

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.  


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Register to place business with Paragon:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.

Buy to Let Second Charge Residential

Why Paragon buy to let?

  • No need to be an owner-occupier, one of the applicants just needs to be a home-owner (residential or investment)
  • First time landlords are acceptable
  • Normal LTV limits on new build houses and flats
  • Manual underwriting
  • Let to buy and let to rent
  • Day one remortgages
  • Applications are submitted online
  • Wide range of tenancy types are acceptable, including corporate lets up to a maximum of three years, or housing association and educational establishments up to a maximum of five years
  • Valuations are instructed on receipt of application

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