SettleParadigm has completed the acquisition of 3,500 homes in South Buckinghamshire from L&Q.
Chief executive Matthew Bailes said the deal will allow SettleParadigm to “deliver more for the communities we serve”
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SettleParadigm acquires 3,500 homes from major London landlord #UKhousing
Announced today (Monday 26 January), it is believed to be the largest stock transfer of its kind between two housing associations to date.
The move brings the total number of homes owned and managed by SettleParadigm to 30,000, following the merger between Paradigm Housing Group and Settle, which legally completed in October 2025.
Matthew Bailes, chief executive of SettleParadigm, said: “We believe that we can deliver more for the communities we serve if we become larger and more local.
“By acquiring these homes in our heartland, we can deliver excellent local services to our new residents and benefit from economies of scale. We can’t wait to welcome our residents on board.”
David Lewis, executive group director – property and investment at L&Q, said: “Since we announced our plans to explore a stock transfer in March 2025, we’ve carried out a formal consultation with residents and a comprehensive due diligence process. This has ensured [Settle]Paradigm are the right organisation to manage these homes.
“The transfer of these homes has now completed, and we have every confidence that [Settle]Paradigm – a locally based housing provider – are best placed to deliver an excellent service in the area.
“As an organisation, we consider homes for transfer where they sit outside our core geographies of Greater London and Greater Manchester.
“This supports our strategic decision to focus our activity on areas where we have the greatest concentration of homes, enabling us to provide responsive, joined-up services which offer best value for residents.”
Savills’ Affordable Housing Consultancy, Trowers & Hamlins and Campbell Tickell all provided transactional and legal advice to support the successful transfer of these homes to SettleParadigm. L&Q were advised by Devonshires and JLL.
An analysis by Savills in August last year found that stock rationalisation deals between regions help landlords boost development pipelines and improve financial capacity.
Researchers found that in the past three financial years, registered providers engaged in selling stock either to another provider or to tenants delivered almost three times as many new build social homes.
This trading has matured into a market worth more than £500m annually, the report found, as deals have grown larger and involve a wide array of organisations, including housing associations, for-profit registered providers and local authorities.
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