Paragon Bank has announced a 3.4% increase in its Mortgages loan book on the back of what it calls strong customer retention levels and robust buy-to-let lending.
Unveiling its full-year results for the year to 30 September 2025, Paragon’s Mortgages loan book ended the period at £13.9 billion, up from £13.4 billion at the same point the previous year.
Annual redemptions on the loan book stood at 7% and new buy-to-let lending for the period was £1.49 billion, largely in line with the previous year, £782.3 million of which was at an EPC-rating of A to C.
Paragon unveiled its new mortgages originations platform during the financial year, which has contributed to improved conversion rates, enhanced application screening and faster decisions.
Louisa Sedgwick, Paragon Bank Managing Director of Mortgages, said: “This is a strong set of results in challenging market conditions, and we are pleased to have supported thousands of landlords to provide much-needed new homes in the private rented sector.”
She added:“The launch of our mortgages origination platform was a significant milestone in the financial year and broker feedback has been overwhelmingly positive. The new system has improved our agility to bring new products and processes to market more quickly, which you can see through initiatives such as our multi-property product and our streamlined process for landlords with 15 properties or fewer.”
Overall lending across Paragon Banking Group stood at £2.68 billion, with Commercial Lending operations – including SME Lending and Development Finance – contributing £1.19 billion. The Group’s net loan book grew 4% to £16.3 billion and operating profit increased by 0.4% to £293.9 million.
