Banking group joins other high street names seeking a fresh income at a time of record low interest rates
It is already the UK’s largest mortgage lender, and now Lloyds Banking Group aims to become one of its biggest private landlords, with a target of buying 50,000 homes in the next 10 years.
Lloyds is the latest big name on the high street to move into the property market: last month it emerged that the retailer John Lewis was considering plans to build 10,000 rental homes over the next decade. According to accountancy firm Blick Rothenberg, “everyone wants to become a landlord”.