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News releases

Motor finance lending at Paragon has increased 39% to £70 million, just over four years since launch of its motor finance proposition.

Asset finance lending to small and medium sized UK businesses grew 54% to £164 million at Paragon as the business extended its expertise and reach in market.

Paragon grew total mortgage lending by 23% to £721 million in the six months to 31 March 2018. This strong growth was underpinned by a 21% increase in its well-established buy-to-let lending.

British motor finance brokers say they are ready for GDPR with only weeks to go until the legislation deadline, a new survey by Paragon Bank reveals.

Paragon Banking Group’s new Structured Lending team is gaining momentum with opportunities in the asset finance, property, SME lending, retail point-of-sale and auto sectors.

Mortgage intermediaries report that remortgages for owner-occupiers made up the largest part of their business in Q1 2018, representing 41% of total applications.

Iceberg, one of the leading providers of practice finance to law firms across the UK, is sponsoring ILFM scholarships for legal students over the next three years.

Landlord confidence remained stable or increased in the first quarter of 2018, according to a survey carried out on behalf of Paragon by BDRC.

Buy-to-let landlords with four or more mortgaged properties now have fewer lenders to choose from following more detailed underwriting rules introduced by the PRA at the end of September 2017.

Landlords with between 6 and 20 properties in their portfolio have increased from 35% to 39% of those surveyed according to Paragon’s latest PRS Trends research.