Before accessing this information, please read the following Terms and Conditions and click 'I agree' at the end of the page.
Please read carefully the following important Terms and Conditions that govern your access to, and the use of, this information and acknowledge your agreement to them. If you agree to the terms, click 'I agree' below to access the information.
In these Terms and Conditions, "PGC" means The Paragon Group of Companies PLC and "Paragon Group" means PGC and/or any of its subsidiaries or affiliates. You (the Client) acknowledge and agree to the Terms and Conditions and agree not to undertake any act or omission that would constitute a breach of these Terms and Conditions.
Access and use of this website (the Website) is conditional upon agreement to and compliance with these Terms and Conditions of Access to the Website (the Terms and Conditions).
1.1 The materials on the Website are directed, in the UK and in other EEA countries, to persons regarded as eligible counterparties and professional clients and not to retail clients (as defined by the rules of the Financial Conduct Authority), who should not rely on the Website or any materials available on the Website. Moreover, any investment or services to which the Website may relate will not be made available to such retail clients. The materials on the Website are intended for use by authorised users only and may not be published, copied or distributed to any other person.
1.2 Nothing in the Website is, or is to be construed as, an offer of or invitation to subscribe for, underwrite or purchase securities in any jurisdictions in which such offer is or may be prohibited, restricted or subject to any requirement for filing, authorisation, license or consent.
1.3 The User agrees that it has not made, and will not make, any offer of securities referred to on the Website (Securities) other than in accordance with applicable law and regulation.
1.4 Nothing in the Website constitutes an offer of securities for sale in the United States. The Securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act of 1933, as amended (the Securities Act). It is not intended that the Securities will be registered under the Securities Act or any U.S. state securities laws. The User will use the Website solely for its own internal use in accordance with the terms and conditions of these Terms and Conditions.
1.5 The User will not engage in any activities related to the Website that are contrary to applicable law or regulation or the terms of any agreements between the User and any member of the Paragon Group.
1.6 The Website may contain other proprietary notices and copyright information, the terms of which must be observed and followed.
The User acknowledges and agrees to the following:
(a) No duty to update or correct materials. The materials included on the Website are historical in nature and only current as of the date of the materials. Neither any member of the Paragon Group nor any other party has any duty to maintain or update any such materials. Historic performance information with regard to any security is no indication of its future performance.
(b) Changes to materials. PGC may remove or make changes to the materials available on the Website at any time.
(c) Third party materials. Information on the Website sourced from third parties (Third Party Materials), including (without limitation) offering circulars, prospectuses, listing particulars, pricing supplements reports, agreements, summaries, models, commentary and other materials, has been obtained from sources believed to be reliable, but the Paragon Group does not warrant its completeness or accuracy. The Paragon Group has no obligations in respect of Third Party Materials (including as to verifying or correcting Third Party Materials or publishing materials relating to Third Party Materials). Posting Third Party Materials on the Website does not imply any endorsement, adoption of or responsibility by the Paragon Group for the opinions, ideas, products, information or services offered therein, or any representation regarding the content of any Third Party Materials.
(d) Offering documents and research reports. Any final offering memoranda or other offering materials (each, an Offering Document) or research reports posted on the Website are Third Party Materials unless produced by any member of the Paragon Group. Third Party Materials are provided solely for Client's convenience to generally describe the terms of the transaction described therein.
(e) Paragon Group Positions. Any member of the Paragon Group may have its own interests in relation to the issuers or any affiliates of the issuers of Securities or transactions mentioned on the Website.
(f) Disclaimer of Advice. Except as otherwise expressly stated, the Website does not purport to provide any financial, investment, tax, accounting or legal advice or recommendation.
(g) Any acknowledgment, agreement or other type of click through button on the Website that is selected to evidence agreement or an acknowledgement shall have the same force and validity as a paper copy of an agreement that has been manually signed and delivered.
(h) Discontinuance and disruption of service. PGC or its suppliers may discontinue the Website at any time.
(i) Regulation S. The User is not a "U.S. person" as that term is defined in Regulation S under the Securities Act and is not in the United States.
Unauthorised use of the Website including but not limited to unauthorised entry into such entities' systems, or misuse of any information posted to the Website, is strictly prohibited.
4.1 Neither PGC, the Paragon Group or any third party data providers are responsible for any errors in, or omissions from, the information contained in or accessed through the Website (including all information, tools and materials contained on the Website).
4.2 The Website may contain statements that constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by the use of forward-looking terminology, such as the words "believes", "expects", "may", "intends", "should" or "anticipates", or the negative or other variations of those terms. These statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results and performance of the Securities, the Paragon Group, or the UK residential mortgage industry to differ materially from any future results or performance expressed or implied in the forward-looking statements. These risks, uncertainties and other factors include, among others: general economic and business conditions in the United Kingdom; currency exchange and interest rate fluctuations; government, statutory, regulatory or administrative initiatives affecting the Paragon Group; changes in business strategy, lending practices or customer relationships; and other factors that may be referred to in the website.
4.3 Except as may be otherwise expressly provided by written agreement between PGC and the User, the Paragon Group will have no tort, contract or any other liability to the User or any third party arising in connection with the use of the website, or reliance on any information or services provided at this website.
4.4 No member of the Paragon Group will under any circumstances be liable to the User or any third party, regardless of the form of action, for any lost profits or lost opportunity, or any indirect, special, consequential, incidental or punitive damages whatsoever, even if it has been advised of the possibility of such damages.
4.5 Nothing in this clause shall limit or exclude liability of the Paragon Group:
(a) for personal injury arising from negligence;
(b) for fraud, gross negligence or wilful default; or
(c) for damages that may not be limited or excluded under applicable law and regulation.
4.6 The parties agree that the limitations and exclusions set out in this clause are reasonable having regard to all the relevant circumstances and the levels of risk associated with each party's obligations under these Terms and Conditions.
The User agrees to keep any information obtained through the Website (Information) confidential and, except as authorised by PGC, shall not disclose or distribute any Information to any person or entity without PGC's prior written consent, and agrees to use the Information solely for the purpose of its own investment analysis.
6.1 These Terms and Conditions will be governed by and any non contractual obligations arising out of or in conjunction with it, and construed in accordance with, the laws of England and Wales.
6.2 The English courts will have jurisdiction to settle any disputes which may arise in connection with these Terms and Conditions.