Press releases

Mortgage intermediaries expect remortgage activity to drive business levels over the next year, a new report from Paragon Bank has found. 

Wolverhampton-based 3D Tooling Technologies is set to expand its operations following the acquisition of new hardware from Chester Machine Tools, facilitated by funding from Paragon SME Lending.

Paragon Bank’s Development Finance business has today announced changes to its leadership team, taking effect from 1 October 2022. 

Nearly 40% of savers are financially supporting members of their family due to the cost-of-living crisis, new research conducted by Paragon Bank has found. 

Nearly a third of people aged over 55 feel their home is too big, too small, or won’t be the right size for them as they age, research from Paragon Bank has revealed.

Paragon Bank’s SME Lending division grew new lending by 16.9% during the first half of its financial year compared to the same period last year. 

Paragon Bank’s Development Finance division recorded a 41% increase in advances during the first half of its financial year, reflecting strong demand from SME developers and housebuilders. 

Paragon Bank’s Motor Finance division continued to accelerate lending during the first half of its financial year. 

Paragon Bank increased buy-to-let lending by 19.5% during the first half of its financial year on the back of strong demand from portfolio landlords. 

Paragon Bank has strengthened its SME Lending broker team with the appointment of Ollie Shrubsall as Business Development Manager.