Independent legal advice for Paragon
Paragon is a specialist lender, best known for buy-to-let mortgages for landlords, including limited companies. If Paragon has asked directors, shareholders or other parties to take independent legal advice, an SRA-regulated solicitor can explain the documents and sign the certificate, often the same day.
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- 70+ lenders
- SRA-regulated solicitors
- Video, or in person in London
Live availability
Free 10-minute consultation
ILA from £140 + VAT per person · fee confirmed on the call
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Why Paragon customers need independent legal advice
Many landlords now buy through a limited company, often a special purpose vehicle (SPV) set up just to hold property. Lenders to these companies usually ask the directors and shareholders to give personal guarantees. That means if the company can’t pay the mortgage, the lender can come to the individuals.
Guarantors are the people we most often advise for Paragon loans. We also help with deeds of subordination, where a director has lent money to the company and is asked to rank behind the lender.
What your solicitor will do
Your solicitor explains the guarantee and any related documents, including whether the guarantee covers just this mortgage or all money owed. If you go ahead, they complete the certificate in the lender’s wording.
When you might need independent legal advice
Limited company buy-to-let
Directors and shareholders guaranteeing an SPV's mortgage.
Directors' loans
Deeds of subordination for money directors have lent to their company.
Portfolio landlords
Guarantees and security across several properties.
Development finance
Guarantees for development lending.
Not sure what you're signing? Ask a solicitor free.
Before your appointment
- Ask your broker or conveyancer for Paragon's ILA certificate template and any instructions to the advising solicitor
- Have the final versions of the documents you're being asked to sign
- Photo ID (passport or driving licence) and proof of address dated within the last three months
- Check whether Paragon accepts advice by video, or needs a face-to-face meeting
- Know your completion or drawdown date, so we can book you in time
How it works
- 1
Book a free consultation
Pick a time above. It takes under a minute.
- 2
Speak to your solicitor
An SRA-regulated solicitor explains the risks in plain English, by video or in person in London.
- 3
Certificate sent to your lender
Your signed ILA certificate and documents are dispatched, usually the same day.
Frequently asked questions
Why does a buy-to-let mortgage need a personal guarantee?
When the borrower is a limited company, the lender usually wants the directors or shareholders to guarantee the loan personally, so it can recover the debt from them if the company can't pay.
Do I need to use Paragon's own certificate?
If Paragon has given you a certificate or form for the solicitor to sign, use it. Send it to us before your appointment so your solicitor can complete it in the right wording.
Does Paragon accept independent legal advice by video?
Many lenders now accept video advice, but requirements change and can differ between products. Check Paragon's instructions, or ask your broker. If a face-to-face meeting is needed, we can arrange one in London.
Are you connected to Paragon?
No. My Online Lawyer is independent of Paragon. We connect you with an SRA-regulated solicitor who acts only for you.
My Online Lawyer is not affiliated with, endorsed by or acting for Paragon. We use the name only to describe documents our clients have been asked to sign. Always follow your lender’s own instructions, and check its requirements with your broker or the lender if you’re unsure.
Reviewed by Saba Rehman, Solicitor
SRA-regulated · Last reviewed 9 October 2026