Paragon has reported that its total mortgage lending rose by 7% to £1.13bn in the nine months to 30th June 2018.
The specialist banking group advanced £409m of new mortgage lending in the period April to June 2018.
Paragon also saw its mortgage pipeline increase by £71m, closing at £859m during the same period.
In addition to mortgages, Paragon grew its commercial lending in the nine-month period from £285m to £449m.
The specialist bank also reported that its retail savings deposits increased to £4.9bn at 30th June 2018.
“Paragon’s core buy-to-let business continues to see strong demand from professional landlords,” said John Heron, managing director of mortgages at Paragon (pictured above).
“Our specialist expertise means that we’re well positioned to support landlords as they navigate through the fiscal and regulatory changes impacting the sector, with tailored products to cover a wide range of different portfolio types and corporate structures.”
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