Paragon Bank has exceeded the £3bn development finance lending milestone.

The lender says it has supported small to medium-enterprise (SME) housebuilders and developers to deliver new homes across the UK.

Since Paragon acquired Titlestone in July 2018 it has delivered approximately 13,000 new homes.

Paragon Bank managing director of development finance division Neal Moy says: “This lending milestone is a credit to the continued hard work, experience and expertise of the Development Finance team.”

“We’re delighted to have supported many developers across the UK, helping to deliver high-quality homes, as well as continuing to innovate our product offering and broadening our client base.”