Press releases

Transport SMEs are set for a confidence boost thanks to improvements to turnover, new Paragon Bank research has found. 

Manufacturing SMEs are set to put the economic challenges of last year behind them and plan on invest in their businesses and recruit more staff thanks to increased turnover. 

The UK’s construction SMEs are set to overcome economic challenges and are forecasting growth in 2023 thanks to increases in turnover, Paragon Bank research has found. 

Richard Rowntree, Managing Director of Mortgages at Paragon Bank, has been awarded the Freedom of the City of London for outstanding work promoting socio-economic diversity in financial services.

The proportion of landlords experiencing tenants in rental arrears has fallen to its lowest level since the metric was first tracked in 2017, as has the proportion of vacant rental properties. 

Confidence amongst UK SMEs remains robust, with nearly two-thirds forecasting growth and increased levels of investment, Paragon Bank research has found. 

Paragon Bank’s Development Finance division has provided a £29.6 million finance package to support the development of a 267-bed Purpose Built Student Accommodation scheme in Southwark, London.

Paragon Bank has added four limited edition fixed rate products to its range of buy-to-let mortgages, including two 2-year and two 5-year products, all available at up to 75% loan-to-value. 

Over half of instant-access non-ISA savings accounts are still earning 0.5% or less, despite savings rates increasing in recent months. 

Landlords with properties in Central London have reported the highest levels of tenant demand across England and Wales, research undertaken on behalf of Paragon Bank has found.