Buy to Let

Lender Paragon lending rises $750 million in third quarter

LONDON (Reuters) – British buy-to-let mortgage lender Paragon Group of Companies Plc (PARA.L) reported a further 575.7 million pounds ($749.91 million) of new lending in the third quarter, taking the nine-month total of lending and investment to 1.4 billion pounds.

Paragon, which has been diversifying its business from its core buy-to-let mortgage market, said it continued to trade in line with expectations and re-iterated its guidance for the year.

Reporting by Dasha Afanasieva, editing by Anjuli Davies

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