Employed         |: Employers References covering a 3 year
                     || period (min duration employer 6 mths) and
                     || last P60 and / or 3 months pay slips
    Self Emp         |: Minimum last 3 years accounts for the
                     || business and the last 3 personal tax
                     || returns / assessments
    FTBs             |: As above
    RTB              |: N/A
    All              |: Existing Lenders Reference covering 2 yrs
                     || Landlords Reference 
                     || Bank Reference / Statements (may be
                     || required to support application)
                     || Credit Reference (Infolink)
                     || Valuation Report

    Acceptable forms of identification
    Current valid full passport
    Armed Forces identity card
    Signed employer card bearing a photograph and signature
    Full UK driving licence


  

   

     Only do Buy to Let Mortgages Max LTV 85%
     So Remortgages only in respect of properties to Let.

     Where the applicant(s)/company has been the registered owner of the 
     property for less than 6 months, any advance will normally be based 
     upon the lower of purchase price or current valuation. Exceptions will
     be considered where it can be demonstrated, that since the purchase
     date signifcant improvements have been carried out, or where 
     application is being considered under the Limited Property Refurbishment
     scheme.


  

   

    UK Tax Payers         ||: Compulsory. Must have been resident
                          ||| in UK for a minimum of 3 years
    Arrears Outstanding   ||: No
    Arrears Settled       ||: No    
    CCJ'S Outstanding     ||: No
    CCJ's Satisfied       ||: No
    Bankruptcy            ||: No
    Ex-Patriates          ||: Not Considered
    DSS Payments          ||: No
    Diplomatic Immunity   ||: No
    Debt History          ||: No
    Guarantors            ||: No
    Max age on application||: 60 years normally (others refer)
    Interview Required    ||: No
    Multiple Applications ||: Max 4 applicants. 
    Secondary Income      ||: Yes

    Max LTV 70% - To qualify for enhanced multiples of 3.5 + 1 or 
    2.75 x joint :-  
    Minimum single salary of 22,000 
    Minimum joint salary of 38,000

    Minimum age 21 for both applicants

    LIFE COVER REQUIREMENTS
     
     N/A


  

   

    25 charge if Buildings Insurance is not arranged through
    the lender. 

    TENURE
    Freehold House
    Leasehold House / Flat
    Minimum lease required on application is 45 years
    Minimum lease required on redemption  is 40 years
    
    CONSTRUCTION
    Conventional Brick / Tile
    Concrete Flats (Precast / Prefabricated - Refer)
    Concrete Houses (Not Acceptable)
    Steel Framed (Brick / Other Cladding - Refer)
    Timber Framed (Brick Cladding)
    Timber Framed (Not acceptable)

    PROPERTY
    Flat upto 4th floor (with / without a lift)

    Special Options
    Back to Back (Refer)
    Converted Flat
    Ex Council House (Not on Let Schemes)
    More than one kitchen (Refer)
    Single Bedroom
    Thatched Roof (with adequate fire insurance)
    
    LOCATION
    England, Wales, Scotland and Isle of Wight


  

   

     Standard Valuation Fee of 180.00 per property however, there
     are discounts available for portfolio Landlords and existing 
     Customers.
     Discounted fee for existing non portfolio customers= 125.00
     Discounted fee for new portfolio customers= 125.00
     Discounted fee for existing portfolio customers(with forward buying 
     facility in place)= 100.00
     Further Advance Application Fee 170.00
     This fee is payable per property,regardless of the property value.
     Re-inspection Fees = 100


  

   

|       Not Applicable Max LTV 85%
|       Buy to Let Mortgages Only.


  

   

    Bridging Finance         ||: No
    Drawdown Facility        ||: No
    Equity Release           ||: No
    Premium Funder           ||: No
    Self Build               ||: No
    Group Build              ||: No
    Shared Ownership         ||: No 
                             ||: 
    Top Ups                  ||: No
    Further Advance          ||: Yes
    Split Loans (End / Rep)  ||: Yes
    Negative Equity          ||: No
    ERP Refund / Waiver      ||: Refer
    Legal Fees Package       ||: Refer
    Secured Loans            ||: No
    Semi / Full Commercial   ||: Refer
    Second Charges           ||: No
    Minimum Term             ||: 5 years
    Maximum Term             ||: 30 years or normal retirement age
    Reference Fee            ||: Included in application fee
    Questionnaire Fee        ||: Included in application fee
    Telegraphic Transfer     ||: 50
    Lenders Life Tie         ||: N/A

   FRESHSTART
   N/A
     
   SERVICE/PROC PAYMENTS
   Lender will pay 0.5% of advance, minimum of 250, no maximum 
   per completed case. See ACCEPTABLE INTRODUCERS 

   Paragon are currently paying an additional 0.25% procuration fee for
   apps received until 30th November 2005 and which complete by 31st March
   2006

   MAXIMUM ADVANCES
   The maximum advance portfolio advance is now in excess of 
   10million  


   COMPLETION FEE
   A standard completion fee of 0.4% of the advance will normally be 
   added to the loan on completion.  The minimum amount payable will 
   be 200 and the maximum amount 1000.  Non standard completion 
   fees are detailed against each product. No maximum applies to non 
   standard completion fees. 
    
   Revaluation Fee = 130