Paragon forced to close to new business

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Paragon forced to close to new business

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01-11-2008, 11:41 AM

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Paragon forced to close to new business

Paragon, the buy-to-let mortgage provider, has announced that it expects its main financing facility to stop advancing funds, from the end of February.Should this be the case, the lender would be prevents from writing most new business.The company is turning to its shareholders to bolster-up its balance sheet and has plans to raise £287 million [...]

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