PMS Mortgage club members now access to second charge mortgage plans from Paragon.
Paragon offers a wide range of second charge mortgages to homeowners in England, Wales and mainland Scotland.
Its second charge plans are available for amounts up to 85% loan to value (LTV) from £20,000 to £500,000. Its second charge mortgages can be repayed over 300 months and loan terms may be extended up to five years past retirement.
John Webb, director of second charge mortgages at Paragon, said: “We’re delighted to announce this new partnership with PMS Mortgage Club, which extends our distribution to a wider range of mortgage intermediaries and brings the potential benefits of a second charge mortgage to a new set of customers.”
Jane Benjamin, head of relationship management at PMS said: “Paragon’s second charge products bring added choice and flexibility, to intermediaries looking for a second charge mortgage solution on behalf of customers.
“Paragon’s service commitment, including its offer of direct access to underwriters, demonstrates its strong support for intermediaries and we look forward to working together.”