Affordable housing boost

Legal & General (L&G), one of the top global asset managers and provider of life assurance in the UK is collaborating with housing associations to build 3,000 affordable homes a year by 2022 according to a recent report in The Guardian. The affordable housing business arm was set up in April 2018 and now has 3,500 properties set to be built across the UK, of which approximately half will be shared ownership and the rest affordable or social rent. This should help to improve the continuing slide experienced in rental homes in the UK to the point where it’s now thought we need at least 3 million new social homes within the coming 20 years. You can find out more about L&G’s involvement here.