Paragon of : Lender Paragon lending rises $750 million in third quarter

LONDON (Reuters) - British buy-to-let mortgage lender Paragon Group of Companies Plc reported a further 575.7 million pounds ($749.91 million) of new lending in the third quarter, taking the nine-month total of lending and investment to 1.4 billion pounds.

Paragon, which has been diversifying its business from its core buy-to-let mortgage market, said it continued to trade in line with expectations and re-iterated its guidance for the year.

(Reporting by Dasha Afanasieva, editing by Anjuli Davies)