Yesterday, L&G chief executive Nigel Wilson told the BBC the financial services firm was looking to enter the build-to-rent sector. Earlier this year, L&G bought a significant stake in the housebuilder Cala Homes as part of a housing “grand plan”.
Housing director Stephen Smith said: “We already work with lots of mortgage brokers who are associated with estate agents and I am sure we would not do anything to undermine those relationships.
“It is quite likely we will be looking to involve our partner firms, but it is early days.”
In March 2013, Legal & General agreed a £102m lending deal with one of England’s largest housing associations, the Hyde Group, and bought a £210m stake in house builder Cala Homes. It has also invested in building student accommodation.