*SVR. From 9 October 2017, Paragon Bank Standard Variable Rate (SVR) and Paragon Group SVR aligned to a single rate, Paragon SVR. There was no change in interest rate as a result of this name change.
Mortgages that were linked to LIBOR rates have moved to a new reference rate, called Term SONIA. This is an industry wide rate and is set by the ICE Benchmark Administration.
We have put together all you need to know on Term SONIA, including Paragon’s Rate Promise. Please visit our Term SONIA page for more information.