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News releases

Commercial lending at Paragon has increased by 58% to £0.71 billion for the nine months to 30 June 2019 as the bank continues to grow its finance proposition for Britain’s businesses.

Paragon Banking Group reported another quarter of strong growth today. The latest update shows a total of £1.90 billion of new lending across all business lines in the nine months to 30 June 2019.

Paragon has revamped its buy-to-let mortgage range with a combination of lower interest rates, no up-front fees and £350 cashback on selected products.

Paragon has introduced a new range of second charge mortgage products with more competitive interest rates, including variable interest rates from just 3.47%.

Paragon Bank is increasing the interest rate on its One Year Fixed Rate cash ISA on Friday 5 July. The rate will increase to 1.60%.

Almost four out of ten landlords would like to see a fast track housing tribunal implemented if the s21 no fault eviction process is abolished, according to Paragon’s latest PRS Trends Report.

Large scale landlords are making targeted investments to grow their property portfolio, with increased interest in more complex property types, according to Paragon’s PRS Trends Report for Q2 2019.

Paragon has issued all 1,300 employees with a reusable water bottle in a move to slash plastic waste in its business.

Paragon’s Structured lending business has committed over £100 million to clients as its latest deal supports specialist car lender Go Car Credit.

Paragon’s development finance business records strong performance with four-fold increase in new lending and a focus on supporting small property developers.