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News releases

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.  

For the first time in four years, the proportion of landlords who say they plan to expand their portfolios is higher than that who intend to reduce.

  Paragon’s new Rental Affordability Index reveals Copeland is the most affordable place to rent in England, with 14% of annual salary is spent on rent North West is most affordable region to ren ...

The average easy access balance has continued its upward trajectory during lockdown and exceeded a record £11,000, according to CACI data analysed by Paragon Bank . 

Paragon Development Finance has supported Chase New Homes with Phase 1 of its Broxbourne development in Hertfordshire, including the construction of a new state-of-the-art school and 53 luxury homes.

Foxley Group has secured an £8.5 million finance facility from Paragon Development Finance and Apollo Capital to support the acquisition and redevelopment of a Grade II-listed building in St Albans.

A survey of mortgage brokers has revealed that the proportion expecting to do more buy-to-let business over the next 12 months is at the highest level since 2014.

Paragon Bank has launched a new Limited Edition Easy Access ISA, which is paying a rate of 0.41%, in order to expand the range of competitive cash ISA options available to savers for the new tax year.

Greymoor Homes is developing 21 new homes in Wadhurst, East Sussex with the support of a £5.1 million funding package from Paragon Bank’s Development Finance division. 

Buckinghamshire-based residential developer Storey Homes has secured a £23.6 million funding facility for a new 109 home site at Houghton Regis, Bedfordshire.