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News releases

Mortgage brokers have revealed their biggest challenges, offering an insight into how lenders can support them. 

In a survey involving more than 8,000 customers, Paragon Bank found that 21% of Gen-Z savers were spending more than before during the pandemic – this is 160% higher than the overall average of 8%.

Just under half of mortgage intermediaries expect to write more buy-to-let business in the next 12 months, according to Paragon Bank’s Financial Adviser Confidence Tracker (FACT) Index.

Paragon Bank has continued its support for UK companies impacted by coronavirus, providing a £125,000 CBILS loan to Reading-based access solutions provider, Southern Tower Ltd.

Paragon Bank’s Development Finance team has seen further growth, with the appointment of Rebecca Murphy as Relationship Director.

Staff at Paragon Banking Group took part in Macmillan’s Coffee Morning event, raising over £5,000 for Macmillan to provide support for those impacted by cancer.

Paragon Bank has continued its support for UK companies impacted by coronavirus by providing a £200,000 CBIL to Kingfisher Leisurewear, a Shropshire-based family business.

Paragon Bank has provided a £2 million funding package to London Property Ventures to support an Epsom-based housing development targeted at first-time buyers. 

Paragon Bank continues to provide support for UK SMEs during coronavirus, offering much needed flexibility on an agreement with West Midlands-based firm, Global Broadcast and AV Installations Ltd.

Paragon Bank has provided a £300,000 Coronavirus Business Interruption Loan (CBILS) to the UK’s largest provider of sliding sash windows, Victorian House Sales Ltd.