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Today, Friday 24 September 2021, marks the 25th anniversary of the inception of buy-to-let mortgages, which were officially launched as a finance product in 1996.

CACI data analysed by Paragon Bank showed that the average savings balance now stands at a record £12,077 as savings balances have continued to grow throughout the pandemic. 

Paragon Bank has expanded its buy-to-let portfolio range with the addition of two limited edition products for single self-contained units, houses in multiple occupation (HMOs) and multi-unit blocks. 

Paragon's ongoing support for its employees has been reflected in its latest employee survey, with 87% of staff demonstrating that they care about and have a positive relationship the organisation.

Paragon Development Finance has today announced the appointment of Neal Moy as Deputy Managing Director.

Acorn Property Group has secured a £23.2 million finance package from Paragon Development Finance to support the development of its St Leonards Quarter scheme in Exeter.

Paragon Bank is targeting a top-of-the-market position with its 1 Year Fixed Rate ISA after increasing the rate to 0.80%.

Landlords with student property located in smaller university towns or cities typically generate the best yields, analysis by Paragon Bank has revealed. 

Paragon Bank has provided £160,000 in funding to The Log Company, a Richmond-based business that specialises in logs, wood fuel and outdoor living equipment. 

Gloucestershire-based property developer Stonewood Partnerships has secured a £3.7 million funding package from Paragon Development Finance to assist with a new 18 home scheme in Calne, Wiltshire.

Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551