Paragon Bank and Cotality announce net zero platform partnership

Paragon Bank has agreed a new partnership with the provider of mortgage data and workflow solutions, Cotality UK.

As part of the partnership, Paragon Bank has adopted Cotality’s net platform, Net Zero Hub, which is designed to manage climate resilience and carbon emissions across mortgage portfolios.

The partnership sees the buy-to-let (BTL) mortgage provider become Cotality’s first platform user.

Using UK property energy credentials data, Net Zero Hub will provide Paragon Bank with a view on both the physical and transition risks of its mortgage book, including energy efficiency analytics for reporting on financed emissions.

Additionally, the platform will facilitate the bank’s strategic planning for customer retention and building on its climate framework.

Chief operating officer at Cotality UK, Mark Blackwell, said: "This partnership marks a significant milestone for Cotality UK.

"We are proud to support Paragon Bank in its continued commitment to innovation, compliance, and digital excellence. Our Net Zero Hub addresses the complex demands lenders face in decarbonising mortgage books; in particular the BTL market, and we look forward to delivering real value and measurable results."

Managing director of mortgages at Paragon Bank, Louisa Sedgwick, said: "We are excited to partner with Cotality UK and be the first to adopt their innovative Net Zero Hub platform.

"This collaboration underscores our commitment to sustainability and innovation, equipping us with the tools to better understand and address climate risk while enhancing the energy efficiency of our mortgage portfolio. Together, we are setting a new standard for climate-conscious lending in the BTL market."



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