Landlords need more clarity over the Renters’ Rights Bill
10 months ago | 2 comments
We need more landlords for immigration and students – Bank chief
9:58 AM, 6th June 2025, 10 months ago
12
The UK’s increasing population and immigration levels are piling pressure on the private rented sector, the boss of Paragon Bank says.
And rather than seeing landlords leave the PRS for various reasons, the government should be encouraging landlords to invest.
Nigel Terrington, the company’s chief executive, told The Times that the shortage of landlords is exacerbating the housing crisis, with demand for rental properties driving up costs.
He warns that the situation will worsen since the UK’s population is set to grow by 4 million people by 2032.
We need more landlords
He said: “Immigrants tend to come into the UK and will rent, rather than buy.
“So, it puts more pressure on the rental market and therefore we need greater levels of landlord formation, rather than keeping it stable.”
He says that high tenant demand is pushing up rents and more landlords are needed – especially in student towns.
In another interview. Mr Terrington said: “Demand for rented property is very high – everywhere you go you hear there are 15, 20 people for every rented property that is available and, of course, that’s pushing up rents.”
More time for RRB
Mr Terrington also pointed to a wider shift from ‘amateur’ landlords to professional landlords, who tend to own more than five properties.
This is helping boost Paragon’s buy to let lending which has grown by 25%.
The bank’s boss is also calling on the government to give landlords the time needed to implement the Renters’ Rights Bill.
The legislation will see Section 21 ‘no-fault’ evictions being abolished and an end to tenant bidding wars.
Mr Terrington told the newspaper it would be ‘crucial’ for an ‘implementation period’ and for the law to be communicated to both landlords and tenants.
He also said that landlords need ‘certainty and clarity’ following events such as a new government and interest rates being increased.
Tags:
Buy to let mortgages, housing shortage, immigration, Landlords, Paragon Banking Group, population growth, rental prices, renters rights bill, UK Property Market, UK rental market
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Member Since August 2016 - Comments: 1190
10:04 AM, 6th June 2025, About 10 months ago
Well the Government haven’t listened to their local MP’s, the House Of Lords or the NRLA so you’re wasting your time here Mr Terrington. A more useful approach would be for you to call for the end of mass immigration but you obviously haven’t got the balls to touch that subject.
Member Since September 2015 - Comments: 1013
10:21 AM, 6th June 2025, About 10 months ago
The Government wants to eradicate the PRS of small private Landlords, (and replace them with large corporates). They don’t care about tenants if rents go up so do the taxes on the profits – kerrrching. And they don’t care about homelessness as that is the responsibility of Local Government.
Member Since August 2016 - Comments: 1190
11:21 AM, 6th June 2025, About 10 months ago
Reply to the comment left by Gromit at 06/06/2025 – 10:21
Very true that’s why they’re amending the EPC calculation next year. Properties that are currently C will fall to D and hence be unrentable, unless they have a heat pump or solar panels (or even both) installed.
I don’t have any money to install these so all of my current C rated rental properties will have to be sold. At great expense as well, as the Section 8 court costs and bailiff fees will be horrendous. And I will have to sell them all at the same time. Hopefully the Council won’t fine me whilst I’m trying to remove the tenants for having non EPC compliant properties.
Member Since May 2015 - Comments: 2188 - Articles: 2
1:35 PM, 6th June 2025, About 10 months ago
Nigel should tell the government to revert to the 1988 Housing Act and scrap nearly all the subsequent legislation. It all worked very well until government started to interfere.
Member Since December 2023 - Comments: 1575
7:51 PM, 6th June 2025, About 10 months ago
What we really need are fewer migrants and fewer students.
Member Since May 2015 - Comments: 2188 - Articles: 2
9:11 PM, 6th June 2025, About 10 months ago
Reply to the comment left by Cider Drinker at 06/06/2025 – 19:51
But surely more foreign students to subsidise our homegrown students?
Member Since November 2013 - Comments: 7
6:50 AM, 7th June 2025, About 10 months ago
Reply to the comment left by Cider Drinker at 06/06/2025 – 19:51
and politicians
Member Since December 2023 - Comments: 1575
5:53 PM, 7th June 2025, About 10 months ago
Reply to the comment left by TheMaluka at 06/06/2025 – 21:11
They (foreign students) don’t subsidise our own students, most of whom study pointless courses and nothing that benefits the country anyway.
Successful countries have people that work,
Member Since May 2015 - Comments: 2188 - Articles: 2
8:56 PM, 7th June 2025, About 10 months ago
Reply to the comment left by Cider Drinker at 07/06/2025 – 17:53
I read physics and researched microwave electronics and worked all my life after leaving university, and I still work, albeit in a completely different role (in as much as landlords do work!) at the age of 83. I have no intention of retiring.
Member Since August 2016 - Comments: 1190
9:41 PM, 7th June 2025, About 10 months ago
Reply to the comment left by TheMaluka at 07/06/2025 – 20:56Wow what an inspiration 👍 I’m 65 and was wondering how long I can continue in this game. Seems I’ve got quite a few years ahead of me 😀