Paragon Bank has reported a 25% rise in new buy-to-let (BTL) lending in its H1 results, on the back of growing landlord demand.
In the six months to 31 March, Paragon recorded £812.2m in new BTL loans, up from £649.3m in same period a year earlier.
Across the bank, Paragon reported a 5.2% growth in pre-provision profits and a 2.1% increase in underlying profits, with the latter climbing to £149.4m. The group’s loan book jumped 4.9% to £16bn, with lending up 11.4% to £1.4bn, including loan growth in its development finance and SME lending business lines.
Paragon also saw its mortgage loan book finish the H1 period 4.5% higher at £13.7bn, with its BTL business comprising most of the book.
“A 25% increase in new lending shows the underlying strength of demand in the BTL market,” commented Paragon managing director of mortgages, Louisa Sedgwick. “There remains an acute mismatch between supply and demand in the rental market and landlords are responding.”
Commenting on the results across the group, Paragon CEO, Nigel Terrington, said: “We delivered another strong financial and operational performance in the first half of 2025, reflecting our disciplined approach and consistent track record of execution.
“With strong momentum and a resilient business model, we are well placed to navigate the evolving external environment and remain optimistic about the remainder of the financial year and beyond.”
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