Paragon remains on track for growth

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Paragon remains on track for growth
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Lender Paragon (LON:PAG) said that mortgage lending totalled £409.4 million in the quarter to June, taking year-to-date lending to £1.13 billion, up from £1.06 billion a year ago.

“The group continues to make strong progress towards its objective of being a leading specialist bank,” said chief executive Nigel Terrington.

“The core buy-to-let business continues to see strong demand from professional landlords and the addition of Titlestone is expected to accelerate the growth of our commercial lending arm.

“We remain on track to achieve our 2018 targets and the business is well-placed to make further strong progress in 2019.”

Paragon shares slipped 3.2p to 498.8p (as at 10:52 BST).

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