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

The bank joins the seven co-founding firms as well as an ever-increasing number of signatories that have all agreed to be bound by the MIMHC‘s six governing rules which apply best practice health and wellbeing guidelines.

Pointing to research showing a deteriorating picture of mental health, particularly in the mortgage industry, the MIMHC aims to provide guidance, hints, tips and a simple framework so member companies can embrace then tailor bespoke services which best support their staff.

The MIMHC is owned by the Charter Committee and was launched to take forward the recommendations in the Stevenson and Farmer review “Thriving at Work”.

Liz Edwards, head of people operations at Paragon Bank said: “By signing the Mortgage Industry Mental Health Charter, we are making a profound statement about the importance of mental health and also taking tangible steps to implement practices and initiatives that support the well-being of our employees to create a healthy environment.

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

Martin Reynolds, co-founder of MIMHC and chief executive of SimplyBiz Mortgages, 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.”