Proposed landlord register gets the thumbs-down

Published on

Paragon Mortgages’ Trends survey, a quarterly survey of landlords, found that 56% of landlords believe that the introduction of the Government’s proposed national landlord register will deter landlords from making further investments in the private rented sector.

Meanwhile, 57% believe that the register will force some landlords out of the sector because of the increased regulatory burden.

The Government has proposed a national register of English landlords which would include a landlord’s name, address and the addresses of their rental properties. The register would be run by an independent organisation and landlords would have to register each year. In return, landlords would receive a unique landlord registration number to be used in tenancy agreements, court proceedings and housing benefit claims.

A quarter of landlords believe that the register will be helpful for tenants, but a third state that it will offer no benefit to tenants. Meanwhile, nearly half (48%) do not believe that the register will help raise standards in the private rented sector.

John Heron , Paragon Mortgages’ managing director, said: “Landlords are already subject to an estimated 50 Acts of Parliament and 70 sets of regulation

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...