The Paragon Group traces its history back to 1985 with the formation of the National Home Loans Corporation. The first decade of its existence saw growth and division of the company. The 1991 UK recession forced the National Home Loans Group (as it was then known) to separate its consumer and business finance division and sell it, allowing them to refocus on their original service: Paragon mortgage and Paragon remortgage loans.

This restructuring in 1995 allowed them to expand into new markets, including Buy to Let, Homeloans Direct (later rebranded as Paragon Mortgages) and Auto Finance Direct (subsequently known as Paragon Auto Finance) as well as acquiring RCR Contract Hire & Leasing. For their successes they were awarded the GKN Special Achievement Award in 1996.

Listing Paragon’s achievements is best left to their extensive history on their website, but between 1996 and 1996 their profits have increased from £18.1 million with £1,214.8 million in assets under management to profits of £82.8 million and £8.4 billion under management.

Paragon expanded their brands to include Paragon Mortgages, Mortgage Trust as well as acquiring Britannic Money and Colonial Finance and other achievements. Paragon won the Commercial Finance Industry Gala Awards in 2002: Buy-to-Let Lender of the Year and Most Innovative New Product.

Paragon Loans

Offering fixed and variable rate loans with payment protection plans, Paragon fixed loans typically have 10.3% APR and Paragon variable rate loans at 8.7% APR. Both loans can be structured for repayment at between 5 and 25 years, in amounts from £5,000 to £150,000. Paragon offers fee plan loans, in the same amount with a typical 7.1% APR.

Paragon Debt Consolidation Loans

For consumers struggling with debt, Paragon offers a deferred payment loan for between £25,001 and £50,000 with 7.3% APR variable. This allows consumers to restructure their debt and not begin repayments until the fourth month after they start their Paragon loan.

Paragon Mortgages

Paragon Mortgages, Paragon’s core competency since 1985,  offers services in fixed rates, discounted rates, tracker rates and semi exclusive rates. The APR for these discounted mortgages typically works out to 7.7% APR, with initial rates as low as 6.0%, with Paragon remortgages as low as 5.74%. Fixed rate mortgages pay a premium with an initial rate of 6.19% and 8.3% APR.

Paragon’s number of subsidiary niche groups, including Paragon Leisure, Paragon Car Finance and Home Improvement Finance is impressive and represents a strategic vision for their lending services.

About Loan-Seeker.co.uk and The Paragon Group

The Paragon Group and the Loan-Seeker website are not connected and do not have a direct commercial relationship. Loan-Seeker does not promote Paragon Group loans, Paragon Group mortgages or Paragon Group remortgage products. Loan-Seeker neither promotes or markets Paragon Group products in any manner although Loan-Seeker may decide in future to be an affiliate of Paragon Group loan products such as:

• Paragon Mortgages
• Paragon Personal Loans
• Paragon Remortgages
• Paragon Homeowner Loans
• Paragon Car Loans
• Paragon Secured Loans

Loan-Seeker is not a lender. Loan-Seeker works independently of any specific loans company. If you require more information about a Paragon Group loan, Paragon mortgage or Paragon remortgage, you can visit the following official website: www.paragon-mortgages.co.uk.