Reductions include the lender's flagship 40-year fixed rate product.

Mike Batty succeeds Mark Jones who will be retiring at the end of July.

Sirui Liao has joined the specialist lender as a case manager.

Residential bridging rates now start from 0.89% per month.

The cost of rent and mortgages stabilised considerably in June, increasing by just 1.5% year-on-year – the slowest rate of growth since March 2023.

The specialist lender has hired a regional account manager, a key account manager, and two BDMs.

GDP growth was higher than the 0.2% predicted for May.

James replaces Holly Morrison, who was Paragon’s BDM for Scotland before being appointed to national account manager.

90% LTV rates have seen the largest reductions.

While Mark’s role is national, his remit will also focus on the expanding North West market.