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Paragon to pay Proc Fees on Product Switches

27 April 2017

Paragon logo

This week saw another lender introduce payment of procuration fees for Product Switches. 

Paragon will pay a fee of 0.25% gross  in recognition of the work intermediaries do to deliver good outcomes for existing buy-to-let customers. The procuration fee is payable only where the broker is acting on behalf of the customer in the product switch process.

Full details of the product switch guide are attached.

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