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.

Steve Johnson will cover East Anglia and Essex.