April 17, 2011 / 11:31 AM / 9 years ago

Paragon may bid for £6 billion home loan book - report

LONDON (Reuters) - British mortgage provider Paragon Group PARA.L is weighing a bid for a 6-billion-pound block of home loans being sold by an offshoot of Irish Life & Permanent IPM.I, the Sunday Times reported.

The newspaper, without citing sources, said Paragon was looking at the home loans being sold by CHI, a British offshoot of the Irish bancassurer.

Paragon was not immediately available for comment.

(Reporting by Mark Potter; Editing by Mike Nesbit)

$1=.6111 Pounds

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