Paragon Bank’s development finance division has provided a £9m funding package to Mackenzie Homes to support the delivery of a new residential scheme in Buckinghamshire.

87% of landlords reported making a profit in Q2 2025, up from 84% in Q1.

The project qualifies for Paragon’s Green Homes Initiative with a potential 50% exit fee reduction.

Paragon’s two-year fixed BTL rates now start from 4.24%.

The new buy-to-let products start at 3.45% for EPC A-C properties.

The development is expected to achieve a gross development value of £12.2 million.

Paragon now requires fewer documents for landlords with up to 15 buy-to-let properties.

The development includes four two-bedroom bungalows and larger family houses.

The first phase is set to deliver 134 apartments and 12 houses.

Landlord demand drives Paragon’s loan growth in H1