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Forward funding facility

As part of our forward thinking strategy, we can underwrite our existing​ professional portfolio landlords to include their future plans and provide them with a facility letter to cater for those needs.

Why use forward funding?

  • Reduce delays on future transactions to enable the landlord to be in a stronger position when negotiating
  • Increased opportunity to write repeat business easily
  • No set up fee
  • Simplified application process​
  • Use funds to finance portfolio expansion, remortgaging property and releasing equity from Paragon mortgaged properties

To find out more download our Information sheet or contact your Regional Manager.

What you’ll need to apply for a forward funding facility:

Your landlord client will need to have, or be in the process of applying for, a buy-to-let mortgage with us. And, if you haven’t already sent us the following information, we’ll need this too.

  • Last two years’ accounts for both self-employed income and property rental income, prepared by a qualified member of an accountancy body acceptable to us; or last two years’ self-assessment tax returns (SA302) together with a corresponding Tax Year Overview
  • Last three months’ rental bank statements
  • Business plan
  • Net worth statement
  • Cash flow forecast
  • Property portfolio schedule
  • An email confirming the amount of facility required

Please email all the above information to [email protected]

If the aggregate lending inclusive of the forward funding facility is more than £2,000,000 we’ll arrange an interview with one of our Senior Underwriters.

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Agreeing the finance

Once the facility is agreed, we’ll send you and your landlord client a letter detailing the amount available and how long this is valid for. We’ll also send you the subsequent property application form to use for all future applications under this facility.

Find your Regional Manager

Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551