Paragon Banking Group’s operating profits rose 0.4%, according to the company’s latest annual results.
Paragon made an operating profit of £293.9 million, according to its annual results for the year to September 30, 2025.
That’s a small increase on £292.7 million last year.
The lender’s mortgage book rose 3.4% to £13.9 billion from £13.4 billion, which the company said was due to strong customer retention and robust buy-to-let lending.
Annual repayments on the loan portfolio were 7% and new buy-to-let loans for the period amounted to £1.49 billion.
Paragon’s commercial lending division saw gross lending fall from £1.24 billion to £1.19 billion.
The Group’s net loan portfolio grew by 4% to £16.3 billion.
Louisa Sedgwick, mortgage director at Paragon Bank (pictured) said: “These are strong results in challenging market conditions, and we are pleased to have supported thousands of landlords in providing much-needed new homes in the private rented sector.”
Yesterday Paragon Bank increased maximum borrowing limits across the range of buy-to-let mortgages and the removal of minimum income requirements for portfolio landlords.