Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
Lloyds Bank now owns and manages thousands of private rental properties
Lloyds Bank now owns and manages thousands of private rental properties, according to a report by Landlord Today. The report states that the bank's latest addition to its portfolio comes from a deal with a house builder.
What this means for agents
Letting agents and inventory clerks will want to monitor the growth of institutional ownership and management of private rented housing, as large-scale landlords can change how tenancies are set up, managed and inspected at scale.
The source report is brief. It does not set out further details of the deal, including the house builder involved or the size of the addition. Readers should consult the original article for the full picture.
Source: Landlord Today