Majority of landlords think a mandatory landlord licence is a bad idea

A Paragon Mortgages survey reports that the majority of landlords believe that a landlord database would force more landlords out of the market.

Paragons managing director John Heron, ,comments: “Landlords are already subject to an estimated 50 Acts of Parliament and 70 sets of regulation, so they are naturally going to be sceptical about the introduction of another major regulatory initiative.

“Whilst it is right that the government takes steps to drive out the rogue elements of the private rented sector, it must ensure that any regulation is fair and proportionate.”

“The government needs the private rented sector to grow to help support the rapid formation of new households in the UK and its expanding population, so it should be careful of introducing legislation that may damage individuals’ desire to invest in the sector.”

We think it will be as much use as a chocolate toothbrush.

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