Paragon Bank has signed up to the Mortgage Industry Mental Health Charter (MIMHC), the not-for-profit organisation helping finance businesses support their staff.

The firm has joined the seven co-founding companies as well as a number of signatories that have all agreed to be bound by the MIMHC six governing rules which apply best practice health and wellbeing guidelines.

First launched to launched to take forward the recommendations in the Stevenson and Farmer review, Thriving at Work, the seven co-founding signatories for the MIMHC were Crystal Specialist Finance, Coreco, Chartwell Mortgage Services, Landbay, Brightstar, Knowledge Bank and SimplyBiz Mortgages.

The charter aims to provide guidance, hints, and a simple framework so that member companies can embrace then tailor bespoke services which best support their staff.

Head of people operations at Paragon Bank, Liz Edwards, said that by signing the MIMHC, the firm has made a “profound statement” about the importance of mental health.

“We believe that collaboration and shared commitment are essential in driving meaningful change and we are thrilled to join MIMHC on this journey,” Edwards commented. “Together, we can continue to raise awareness, reduce stigma and ensure that mental health remains a top priority in our sector.”

Chief Executive of SimplyBiz Mortgages and MIMHC co-founder, Martin Reynolds, added: “We are delighted Paragon Bank has become a signatory of MIMHC and have made a clear commitment to help improve the mental health of their workers and partners.

“From the conversations held with Liz and her team it is clear Paragon have some excellent existing mental health strategies and wellbeing processes, and we very much look forward to hearing about those during virtual signatory events we have scheduled in the second half of 2024.”

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