<html>
<body>
<h1><b>Lloyds Bank Sets Out New Plans To Buy 50,000 Homes To Become UK’S
Biggest Private Landlord By
2030</b></h1>
<a href="https://tlio.gn.apc.org/lloyds-bank-sets-out-new-plans-to-buy-50000-homes-to-become-uks-biggest-private-landlord-by-2030/" eudora="autourl">
https://tlio.gn.apc.org/lloyds-bank-sets-out-new-plans-to-buy-50000-homes-to-become-uks-biggest-private-landlord-by-2030/<br>
</a>Linda Howard 01 Sep 2021
<a href="https://tlio.gn.apc.org/lloyds-bank-sets-out-new-plans-to-buy-50000-homes-to-become-uks-biggest-private-landlord-by-2030/">
10 SEPTEMBER 2021</a> <a href="https://tlio.gn.apc.org/author/tony/">TONY
GOSLING</a>
<a href="https://tlio.gn.apc.org/lloyds-bank-sets-out-new-plans-to-buy-50000-homes-to-become-uks-biggest-private-landlord-by-2030/#respond">
LEAVE A COMMENT</a><br><br>
Lloyds Bank sets out new plans to buy 50,000 homes to become UK’s biggest
private landlord by 2030<br><br>
<a href="https://www.msn.com/en-gb/money/other/lloyds-bank-sets-out-new-plans-to-buy-50000-homes-to-become-uk-e2-80-99s-biggest-private-landlord-by-2030/ar-AANZ5TI">
https://www.msn.com/en-gb/money/other/lloyds-bank-sets-out-new-plans-to-buy-50000-homes-to-become-uk-e2-80-99s-biggest-private-landlord-by-2030/ar-AANZ5TI</a>
<br><br>
Lloyds Banking Group is reportedly planning to become one of the UK’s
biggest landlords, according to the Financial Times.<br><br>
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.<br><br>
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.<br><br>
The newspaper said an internal job advertisement has set a “strategic
challenge” of reaching 10,000 properties by the end of 2025, with a
further aim to hit 50,000 by 2030.<br><br>
Based on current property prices and rental estimates, this would create
a portfolio worth £4 billion, generating pre-tax profits of around £300
million.<br><br>
If the targets are hit, Citra Living will overtake the UK’s current
largest private landlord, Grainger, which has 9,100 properties worth
around £2.1 billion.<br><br>
Citra may consider “M&A (mergers and acquisitions) opportunities
and/or strategic alliances” to help it reach the targets, the advert
added.<br><br>
Previously, the bank has been cautious on the potential for the new
division, with finance chief William Chalmers saying expansion into the
private rental market would be “on a limited basis while we explore the
area”.<br><br>
Several big name fund management groups and insurers have entered the
private rental market in recent years, including Legal & General and
M&G.<br><br>
And retailer John Lewis recently announced plans to convert unused floor
space in its department stores into rental homes.<br><br>
The switch from small-scale private landlords follows changes in tax
rules which mean buy-to-let mortgage payments are no longer tax
deductible.<br><br>
A Lloyds spokesperson said: “As highlighted at launch, Citra Living will
initially start small, with a focus on buying and renting good-quality,
newly-built properties. This will be achieved by working alongside
leading house builders to address the increasing demand for rental
properties.<br><br>
“The aim is to gradually provide incremental stock to the UK rental
market over the coming years.”<br>
</body>
<br>

<body>
<font size=4><b>And it came to pass, as he sat at meat with them, he took
bread, and blessed <i>it</i>, and brake, and gave to them.
<a href="http://biblehub.com/luke/24-31.htm">31</a> And their eyes were
opened, and they knew him; and he vanished out of their sight. 
<a href="http://biblehub.com/kjv/luke/24.htm" eudora="autourl">
http://biblehub.com/kjv/luke/24.htm</a> 'Capitalism is institutionalised
bribery' TG<br>
<a href="https://www.youtube.com/user/PublicEnquiry/videos" eudora="autourl">
https://www.youtube.com/user/PublicEnquiry/videos<br>
</a></b></font>"And I think, in the end, that is the best definition
of journalism I have heard; to challenge authority - all authority -
especially so when governments and politicians take us to war, when they
have decided that they will kill and others will die. "<br>
--Robert Fisk <br>
<a href="https://www.youtube.com/channel/UCMn9GM4atN3t7AHJBbHMR0Q/videos" eudora="autourl">
https://www.youtube.com/channel/UCMn9GM4atN3t7AHJBbHMR0Q/videos<br>
</a><font size=4><b>
<a href="http://www.radio4all.net/index.php/contributor/2149" eudora="autourl">
http://www.radio4all.net/index.php/contributor/2149<br>
</a><a href="http://www.thisweek.org.uk/" eudora="autourl">
http://www.thisweek.org.uk<br>
</a><a href="http://www.911forum.org.uk/" eudora="autourl">
http://www.911forum.org.uk<br>
</a><a href="http://www.tlio.org.uk/" eudora="autourl">
http://www.tlio.org.uk<br>
</a>Download, donation only, Tony's three watermarked books
<a href="http://www.bilderberg.org /" eudora="autourl">
http://www.bilderberg.org </a> - My books
<a href="https://payhip.com/TonyGosling" eudora="autourl">
https://payhip.com/TonyGosling<br>
</a>
<a href="https://www.youtube.com/channel/UCvPbHiqhLtpNWA_cg_1NULw" eudora="autourl">
https://www.youtube.com/channel/UCvPbHiqhLtpNWA_cg_1NULw<br>
</a>
<a href="https://www.youtube.com/channel/UCMn9GM4atN3t7AHJBbHMR0Q" eudora="autourl">
https://www.youtube.com/channel/UCMn9GM4atN3t7AHJBbHMR0Q<br>
</a><a href="https://www.twitter.com/TonyGosling" eudora="autourl">
https://www.twitter.com/TonyGosling<br>
</a><a href="https://www.facebook.com/tony.gosling.16" eudora="autourl">
https://www.facebook.com/tony.gosling.16<br>
</a>You can donate to support Tony's work here
<a href="http://www.bilderberg.org/bcfm.htm" eudora="autourl">
http://www.bilderberg.org/bcfm.htm<br>
</a>Or buy Tony's three ebooks for £10-£15 here
<a href="https://payhip.com/TonyGosling" eudora="autourl">
https://payhip.com/TonyGosling</a> or paperback here
<a href="https://www.ebay.co.uk/itm/254963338161" eudora="autourl">
https://www.ebay.co.uk/itm/254963338161<br>
</a></b>TG mobile +44 7786 952037</font> <br><br>
</body>
</html>