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News releases

Today, Friday 24 September 2021, marks the 25th anniversary of the inception of buy-to-let mortgages, which were officially launched as a finance product in 1996.

CACI data analysed by Paragon Bank showed that the average savings balance now stands at a record £12,077 as savings balances have continued to grow throughout the pandemic. 

Paragon Bank has expanded its buy-to-let portfolio range with the addition of two limited edition products for single self-contained units, houses in multiple occupation (HMOs) and multi-unit blocks. 

Paragon's ongoing support for its employees has been reflected in its latest employee survey, with 87% of staff demonstrating that they care about and have a positive relationship the organisation.

Paragon Development Finance has today announced the appointment of Neal Moy as Deputy Managing Director.

Acorn Property Group has secured a £23.2 million finance package from Paragon Development Finance to support the development of its St Leonards Quarter scheme in Exeter.

Paragon Bank is targeting a top-of-the-market position with its 1 Year Fixed Rate ISA after increasing the rate to 0.80%.

Landlords with student property located in smaller university towns or cities typically generate the best yields, analysis by Paragon Bank has revealed. 

Paragon Bank has provided £160,000 in funding to The Log Company, a Richmond-based business that specialises in logs, wood fuel and outdoor living equipment. 

Gloucestershire-based property developer Stonewood Partnerships has secured a £3.7 million funding package from Paragon Development Finance to assist with a new 18 home scheme in Calne, Wiltshire.