New 27,000-home group created as landlords complete merger

But he added: “We know there are many challenges ahead, including net zero and the desperate need for more affordable homes.

“Together, we’ll be stronger, more resilient and better able to face these head-on.” 

In a statement, the group said it will focus on “improving services for existing residents, delivering more affordable homes and investing in local communities”.

But the organisation said that although the legal merger has taken place, “it will take longer to fully integrate all systems and operations”.

Settle, the smaller of the two landlords, currently has G1/V2 governance and viability grades with the English regulator, but has yet to be assessed for consumer standards.

It was downgraded to V2 in late 2022 amid a flurry of downgrades by the regulator over the wider macroeconomic conditions.

In its last full year to March 2025, Settle reported a near doubling of its post-tax surplus to £13.5m, helped by a rise in turnover.

Paradigm has G1/V1 grades and has also not been assessed for consumer standards. The group reported a slight rise in surplus to £22.9m in it last full year to March 2025.

Sally Veitch, senior independent director at SettleParadigm and former chair of Settle, said: “I’m confident that our combined strength will enable us to improve services for our current residents and build more affordable homes to meet the desperate need for them.”

Paradigm announced in March that it was in talks with L&Q over acquiring 3,500 homes in South Buckinghamshire.