Paragon boosts profits

Paragon Group the specialist buy-to-let mortgage lender has seen it's profits rise by over 10% on the back of the booming residential investment market.

The group which also increased it's market share reported £816.5 million of buy-to-let completions to date.

The pipeline of new mortgage business stood at £865m at the end of the quarter compared to £353m at the same point in 2014.

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