The Paragon Banking Group PLC is one of the
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotlan ...
's largest providers of
mortgages
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any ...
and personal loans. It is listed on the
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...
and is a constituent of the
FTSE 250 Index.
History
The company was established in 1985 as the National Home Loans Corporation.
It launched ''Homeloans Direct'' in 1995. In 1997 it changed its name to the ''Paragon Group of Companies.'' In 2003 it acquired ''Britannic Money''.
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.
In 2017, it changed its name to Paragon Banking Group PLC, as part of becoming a "fully integrated banking business".
In 2018, Paragon Banking Group completed a £48m takeover of residential lender Titlestone Property Finance.
Operations
The company is based in
Solihull
Solihull (, or ) is a market town and the administrative centre of the wider Metropolitan Borough of Solihull in West Midlands County, England. The town had a population of 126,577 at the 2021 Census. Solihull is situated on the River Blyth ...
and offers lending to landlords and businesses and also offers savings accounts to consumers.
References
External links
Official site
{{Authority control
Companies based in the West Midlands (county)
Financial services companies established in 1985
Companies listed on the London Stock Exchange
1985 establishments in the United Kingdom