Paragon Banking Group’s pre-tax profits have risen 0.4%, according to the firm’s latest full-year results.

Paragon made a pre-tax profit of £293.9million, according to its annual results for the year to 30 September 2025.

That is a small rise from £292.7 million for the previous year.

The lender’s mortgage loan book rose 3.4% to £13.9 billion from £13.4 billion, which the firm said was due to strong customer retention and robust buy-to-let lending.

Annual redemptions on the loan book stood at 7% and new buy-to-let lending for the period was £1.49 billion.

Paragon’s commercial lending arm saw gross lending fall from £1.24 billion to £1.19 billion.

The Group’s net loan book grew 4% to £16.3 billion.

Paragon Bank managing director of mortgages Louisa Sedgwick (pictured) said: “This is a strong set of results in challenging market conditions, and we are pleased to have supported thousands of landlords to provide much-needed new homes in the private rented sector.”

Yesterday Paragon Bank increased its maximum loan limits across its range of buy-to-let mortgages as well as removing minimum income requirements for portfolio landlords.