Members can submit applications for second charge finance either directly to Paragon or through a master broker.
Martin Reynolds (pictured), chief executive of SimplyBiz Mortgages, said: “Creating a viable secured loans panel has been one of our goals this year post MCD [Mortgage Credit Directive] and we are delighted that Paragon has joined our other lenders in offering member direct access.
“Its proposition will offer members greater opportunity to help their clients. The secured loans market will continue to develop and change and we will ensure our members share in that opportunity.”
The SimplyBiz panel of second charge lenders also includes Precise and Prestige. Members can go direct to all lenders or use Enterprise and the Loans Engine’s master broker services.