Paragon Bank boss warns of soaring rents if landlords are 'punished'
UKPulse News Desk
Nigel Terrington, head of Paragon Bank, has warned that rents will increase if landlords face further penalties in the upcoming Budget.
- Nigel Terrington, head of Paragon Bank, warned that rents could soar if landlords are 'punished' in the Budget.
- Mr Terrington also criticised councils for allowing rogue landlords to flout rules while compliant landlords are penalised.
Nigel Terrington, the head of Paragon Bank, which is valued at £1.4 billion, has issued a warning that rents are likely to soar if landlords face further penalties in the forthcoming Budget.
Mr Terrington also criticised local councils, stating that they permit 'rogue landlords' to disregard regulations while those who adhere to the rules are 'punished'.