Paragon Bank has announced that it is reducing rates across its portfolio range, as well as launching two new extra-large loan products that come with a lower rate and flat product fee.

Fast-growing private rented sector (PRS) owner manager G2M Group has secured a £25 million finance facility from Paragon Bank to support the company’s ambitious growth targets.

Landlords spend an estimated £839 million each year upgrading newly purchased rental property before letting it out to tenants, helping to drive-up standards in the sector.

The award-winning provider has re-issued its Triple Access Savings Account, which is paying a rate of 0.41% AER variable*, in order to increase competitive options available for savers in the access s

Paragon Bank has provided a £785,000 finance package to support the acquisition of Exeter-based logistics business, STR Logistics, following the retirement of owner. 

Paragon Bank is continuing its commitment to tackling barriers that ethnic minority groups face in recruitment and progression by joining Business in the Community’s Race at Work Charter.

Elevate Property Group has secured an £18.6 million funding package from Paragon Development Finance to support the second phase of its luxury Trent Bridge Quays waterside development in Nottingham.

During the first quarter of 2021 average rental yields have increased to 6.0%, the highest recorded in three years.

Paragon Bank is expanding its energy efficient focused range after announcing the launch of two further advance products for properties with EPC ratings of A, B or C.

Paragon Bank has provided a £975,000 finance package to Midd Engineering, a Coventry-based specialist engineering business, to support the takeover by a new owner after it was sold last year.