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.”
Legal & General, which plans to become a one-stop shop for those seeking to buy a home within three years, ramped up investment into the housing sector this year.
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.
