We are a UK specialist bank. Our lending products include mortgages for landlords and loans for business customers.

Factsheet

See an overview of our operations, strategy and performance highlights over the last five years.

Our strategy is to build a specialist bank for our customers, which delivers sustainable growth and shareholder returns through a low risk and robust model.

Overview

2019 Annual Report and Accounts

Read about our progress against our strategy and achievements throughout the year in our 2019 Annual Report and Accounts.

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Sustainability

Sustainability is central to our long-term success and it influences every aspect of our business

Overview

Covid-19 response

Find out how we’ve been helping customers, keeping safe and supporting our communities.

News

Keep up-to-date with the latest new releases and insights from across our business.

Overview

The UK Tenant Report 2020

Millions of people call the Private Rented Sector home, but who are these tenants, why do they rent and how long do they intend to rent a home for?

Careers

We understand how important our employees are to the business and, in recognition of this, we provide a variety of excellent reasons to work for us.

Overview

Meet Alex Harris

"The placement year has given me experience to complement my academic studies and the opportunity to test my skills in the real world."

Helping customers

Our customers are at the heart of our business and our eight core values underpin the way we interact with them every day. We have a deep understanding of our customers and their markets, designing products to meet their needs and continually striving to exceed their expectations. We provide tailored lending products and expertise, and work with intermediaries to help our customers achieve their ambitions.

We know that sometimes customers will need some extra support and we want to help our customers during these difficult times. Our team is well placed to discuss support available to anyone that needs it, and we are committed to delivering good customer outcomes and treating customers fairly across the Group.

Data rich

500 million

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Strong on service

4.3/5

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Continuous improvement

4x

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Customer insight

Our comprehensive customer insight programme is designed to deepen our understanding of customers’ needs, regularly check their satisfaction with our products and services, and inform our strategy and development priorities so that we can better meet their requirements.

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Awards

Over the years, we are proud to have won many industry and customer awards. Here’s some of our latest achievements.

See all our customer awards

Customer commitment

We want our customers to be confident that we will always consider their needs and act fairly and responsibly in our dealings with them. We strive to ensure that all our customers can be confident that:

products and services are designed to meet their needs
our employees are appropriately skilled and experienced to provide the services they require
the information given to them will be clear and jargon free
products will perform as they are led to expect
they will not face unreasonable post-sale barriers to change a product, switch provider, submit a claim or make a complaint

all complaints will be listened to and claims assessed carefully, fairly and promptly
where applicable, they will be made aware of how they can refer their complaint to the Financial Ombudsman Service (FOS)
if they are vulnerable and/or in financial difficulties, we will provide a high level of support and make sure they are signposted to sources of independent advice
they will be made aware of the Financial Services Compensation Scheme (FSCS) and the protection this provides for them

Vulnerable customers

According to the FCA, 50% of us will become a vulnerable customer at some point in our lifetime as a result of poor health, an unfortunate life event, low capability or resilience. Offering the right support to vulnerable customers is essential and we work hard to identify and support those who need extra care.

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Culture

From recruitment and training to leadership and incentives, we aim to build a culture that’s fully aligned with our customers’ needs. Here’s just some of ways we aim to achieve this:

Performance management

It’s not just about what we do, but also how we do it. That’s why customer focus is an important element of the competency framework we’ve adopted to help with performance management across the Group.

Training

Our ambition to achieve good outcomes for our customers is supported by a wide range of customer-focused training programmes for all our employees.

Rewards

Customer metrics are embedded within the Paragon Performance Share Plan, a reward scheme for our Directors, executives and senior leaders.

Employee award scheme

Employees can show appreciation for colleagues' positive work for customers by nominating those who demonstrate one or more of Paragon’s values for a STARS award.

Complaint handling

We don’t always get things right and take customer complaints very seriously. We acknowledge each complaint promptly, and work with customers to understand their feedback, investigate fully and respond swiftly in a fair and open manner.

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