Press releases

Sterling Rose Homes has secured a £6.5 million funding package from Paragon to support the development of new apartments and commercial space on the site of a derelict pub in Norwood, South London.

Paragon recorded strong growth in its development finance lending volumes and new business pipeline during the first half of its financial year on the back of robust demand from SME housebuilders. 

Paragon Bank has announced that it is re-entering the holiday lets and short-term finance markets after adding products to their buy-to-let mortgage ranges.

Paragon Bank has increased the interest rates across its one, two, three and five year fixed rate bonds and fixed rate ISAs in order to offer more choice for savers looking for competitive fixed rate 

Paragon Bank has announced that it is reducing rates across its portfolio range, as well as launching two new extra-large loan products that come with a lower rate and flat product fee.

Fast-growing private rented sector (PRS) owner manager G2M Group has secured a £25 million finance facility from Paragon Bank to support the company’s ambitious growth targets.

Landlords spend an estimated £839 million each year upgrading newly purchased rental property before letting it out to tenants, helping to drive-up standards in the sector.

The award-winning provider has re-issued its Triple Access Savings Account, which is paying a rate of 0.41% AER variable*, in order to increase competitive options available for savers in the access s

Paragon Bank has provided a £785,000 finance package to support the acquisition of Exeter-based logistics business, STR Logistics, following the retirement of owner. 

Paragon Bank is continuing its commitment to tackling barriers that ethnic minority groups face in recruitment and progression by joining Business in the Community’s Race at Work Charter.