Paragon Personal Finance has launched its new secured loan range as it returns to lending.
The news was announced by Loans Warehouse as it published its secured loan index fro September.
Matt Tristram, co-founder and director of Loans Warehouse & Clearly Loans, said: “This isn’t just a new lender, this is a significant addition to the secured loan sector.
“It’s been five long years since we last paid out business with PPF and the industry is celebrating the return, albeit as part of Paragon Bank now.
“This will inevitably mean that their rates will be competitive, as they utilise investors money. This combined with the fact that they have retained their core staff from 2009, along with their knowledge of the market should mean that Paragon will start where they left off, with headline rates and great service.”
“The new plans released have a headline rate of 5.436% on loans up to £100,000, putting them firmly in the mix with Precise, Shawbrook Bank, Nemo and Prestige for prime second charges.”