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Evening Standard
Evening Standard
Business
Jonathan Prynn

Paragon's virtues shine as lender boosts first half profits to £140 million

Paragon
Private rental sector: Rents are likely to remain “firm” as demand from tenants remains strong (Yui Mok/PA) Wire - (PA Archive)

The persistent shortage of housing in the UK will continue to underpin prices and rents in an “incredibly resilient” market, the boss of specialist mortgage lender Paragon Banking Group said today.

Chief executive Nigel Terrington said the market continues to ride out “all the stresses and strains” thrown at it over recent years with arrears rates remaining at historically low levels.

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