Paragon Banking Group
 | |
| Type | Public |
|---|---|
| Industry | Banking and Finance |
| Founded | 1985 |
| Headquarters | Solihull, West Midlands, United Kingdom |
Key people | Robert East, Chairman Nigel Terrington, CEO |
| Revenue |  £1,249.0 million (2025)[1] |
 £256.5 million (2025)[1] | |
| £180.3 million (2025)[1] | |
| Website | www.paragonbankinggroup.co.uk/ |
Paragon Banking Group PLC is one of the United Kingdom's largest providers of buy-to-let mortgages, and savings accounts. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
[edit]The company was established in 1985 as the National Home Loans Corporation.[2] It launched Homeloans Direct in 1995.[3] In 1997 it changed its name to the Paragon Group of Companies.[4] In 2003 it acquired Britannic Money.[5]
In 2014, the Paragon Group of Companies PLC launched Paragon Bank which offers a range of internet-based savings accounts and a range of lending products.[6]
In 2017, it changed its name to Paragon Banking Group PLC, as part of becoming a "fully integrated banking business".[7]
In 2018, Paragon Banking Group completed a £48m takeover of residential lender Titlestone Property Finance.[8]
Operations
[edit]The company is based in Solihull and offers lending to landlords and businesses and also offers savings accounts to consumers.[9]
Cloning
[edit]In 2019 the Financial Conduct Authority (FCA) provided guidance to people, after fraudsters were pretending to be the company, in order to scam people. The FCA refer to this as a "clone firm".[10]
References
[edit]- 1 2 3 "Annual Report 2025". Paragon. Retrieved 28 January 2026.
- ↑ "Overview". Paragon Banking Group. Retrieved 28 March 2018.
- ↑ "Paragon Mortgages". U switch. Retrieved 28 March 2018.
- ↑ "Paragon Banking Group". Companies House. Retrieved 28 March 2018.
- ↑ Paragon eyeing up Britannic Money. Daily Telegraph, 25 May 2003
- ↑ "Paragon Bank Launches". Paragon. Retrieved 19 August 2017.
- ↑ "Paragon Group Changes Name To Paragon Banking Group Amid Restructure". Interactive Investor. Retrieved 27 September 2017.
- ↑ "Paragon completes Titlestone takeover". Property Week. Retrieved 30 July 2018.
- ↑ "Who We Are". Paragon Banking Group PLC.
- ↑ "Paragon Bank (Clone of FCA authorised firm)". FCA. 6 December 2019. Retrieved 25 July 2026.