Lloyds the landlord: how the bank quietly became a big rental property player
Bank has a £2bn rental property portfolio via its Lloyds Living arm, amassing 7,000 properties so far with plans to add 43,000 more by 2030
The black horse of Lloyds’ banks are a familiar sight on UK high streets, but the lender has quietly become one of the country’s biggest landlords, too, amassing £2bn in residential property, according to new analysis.
The company has reached the landmark valuation on its property assets after a drive to buy more than 7,000 properties, according to the Financial Times.