Press releases

Richard Rowntree, Managing Director of Mortgages at Paragon Bank, has been awarded the Freedom of the City of London for outstanding work promoting socio-economic diversity in financial services.

The proportion of landlords experiencing tenants in rental arrears has fallen to its lowest level since the metric was first tracked in 2017, as has the proportion of vacant rental properties. 

Confidence amongst UK SMEs remains robust, with nearly two-thirds forecasting growth and increased levels of investment, Paragon Bank research has found. 

Paragon Bank’s Development Finance division has provided a £29.6 million finance package to support the development of a 267-bed Purpose Built Student Accommodation scheme in Southwark, London.

Paragon Bank has added four limited edition fixed rate products to its range of buy-to-let mortgages, including two 2-year and two 5-year products, all available at up to 75% loan-to-value. 

Over half of instant-access non-ISA savings accounts are still earning 0.5% or less, despite savings rates increasing in recent months. 

Landlords with properties in Central London have reported the highest levels of tenant demand across England and Wales, research undertaken on behalf of Paragon Bank has found.

South West-based housebuilder 3West Group has secured a £12.5 million finance facility with Paragon Bank’s Development Finance division to support its new housing project in Exmouth, Devon.

Brits are set to scale back on their holidays this year as they adapt to cost-of-living, Paragon Bank research has found.

Paragon Bank’s Development Finance division has provided a £23.4 million funding package for two Midlands-based new build projects for Elevate Property Group.