Lloyds Banking Group is reportedly planning to become one of the UK's biggest landlords, according to the Financial Times. The banking giant is aiming to buy 50,000 homes in the next 10 years and charge tenants rent as a private landlord.
The Financial Times said that Lloyds Banking Group has launched the ‘Citra Living’ brand in an attempt to move into new streams of making money.
Lloyds is the biggest mortgage lender in the UK, providing nearly one in four home loans to prospective buyers, but, with interest rates at historic lows for more than a decade, returns have been squeezed.
Read more on dailyrecord.co.uk
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