Total mortgage lending at Paragon Banking Group has increased by 84% during 1st October to 31st December 2017, compared with the same period in 2016.
In the company's latest trading update, the bank announced it had provided ?£366.5m in mortgages, up from the ?£198.8m recorded 12 months earlier.
Buy-to-let mortgage lending jumped 85%, followed by 'other mortgages' (up 74%).
Earlier this month, Paragon introduced an extended range of portfolio and non-portfolio buy-to-let mortgage products.
Total new lending at the company rose 65% â€“ compared with the same period in 2016 â€“ to ?£469.8m.
The specialist bank saw strong volume growth in its three commercial lending product lines, with commercial lending totalling ?£103.3m, a 21% increase on the last three months of 2016.
In December, Paragon acquired the Poole-based specialist broker Iceberg, which sources loans for mid-sized UK law firms.
Nigel Terrington, chief executive of Paragon Banking Group (pictured above), said: "The lending growth achieved across the group has been outstanding and reflects the increasing strength of the franchise.
â€œOur retail deposit base continues to deepen, providing us with a stable platform for growth and the ability to optimise further the group's funding structure.
â€œThe organisational changes we completed last year â€“ coupled with the growing demand and opportunity within specialist UK lending markets â€“ will enable us to build on this momentum throughout the year."
At the beginning of the year, the company announced that it had reached ?£4bn in customer deposits, as well as surpassing 120,000 savings accounts.
The news followed the launch of a new, limited-edition easy access savings account announced by the bank in November 2017.
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Temenos partners with ClearBank for cloud payments
Banking software company Temenos has formed a strategic relationship with ClearBank to provide banks with a faster route to market for real-time cloud payments...
Unity Trust Bank registers 34% rise in profits
Unity Trust Bank increased profits by 34% in 2019...
Believe the hype – why explainable AI is a trend that’s here to stay
Technology has become a ubiquitous part of our day-to-day lives...
Piloting tech updates: ‘The bigger the bank, the harder it is to get anything done’
In the latest Medianett filmed roundtable session, we discussed how important technology is in the banking space, and what impact the industry expects it to have on its businesses in the future...
What banks need to know about cloud security
One of the most common perceived concerns when adopting the cloud is the issue of security...
OakNorth sees 95% increase in pre-tax profits
OakNorth Bank has announced a 95% rise in pre-tax profits in 2019 to £65.9m, up from the £33.9m recorded in 2018...
Redwood Bank signs up to Women in Finance Charter
Redwood Bank has announced that it has signed up to the Women in Finance (WIF) Charter...
Masthaven launches digital Women in Leadership programme
Masthaven Bank has launched a new Women in Leadership digital development programme for female senior leaders...
Protecting against supply chain disruption and the domino effect
Disappointingly, many UK SME business owners don’t understand their supply chains...
Confused about which Isa to choose? Hopefully this mini-guide will help…
We are now firmly in Isa season, so you’re likely to read multiple articles about the most competitive Isa products in the market and how best to make the most of your Isa allowance before the end of the tax year...
Garden shed entrepreneurs contribute £16.6bn to the UK economy
Entrepreneurs who run their businesses from garden sheds contribute £16.6bn annually to the UK economy, according to a recent study...