Press releases

Paragon Bank has provided an £8 million funding package to Horsnall Holdings Ltd to support The Gate, a Loughborough-based housing development of 64 homes.

Paragon Bank continues to support UK SMEs during coronavirus, providing a £50,000 Bounce Back Loan (BBLS) to Leeds-based concrete supplier, Ready Mix Ltd.

Paragon Bank has announced it is adding to its buy-to-let product range by launching a new five-year fixed rate for larger loans. 

The balance of easy access accounts earning a rate of 0.1% or less has nearly tripled since January, with 56% of easy access balances now earning a low rate. 

The desire of tenants in the private rented sector to own a property falls from the age of 35, along with the propensity to save towards a deposit as tenants get older, Paragon research has found.

Paragon Bank has provided an £8.7 million funding package to Mulberry Homes (Redhill) Ltd to support a Surrey-based housing development of 57 apartments.

Paragon Bank has further bolstered its Development Finance team with the appointment of Toby Burgess as a Relationship Director.

The British public is more than twice as likely to feel anxious about their finances than they are to be content with them, leading to sleeping problems and distraction at work.

Paragon Bank continues to support UK SMEs during coronavirus, providing a £120,000 CBILS loan to Uxbridge-based plumbing and draining firm, Jet Clean Maintenance Ltd.

UK SMEs have pivoted their business towards social media communication and online distribution as a result of the first coronavirus lockdown, Paragon Bank research has revealed.