Filter
Filter

Filter

Filter content by topic
Brexit
Finance
Mergers and Acquisitions
Pay and pensions
Regulation and Governance
Asset management
Development
Markets
Accounts
People
Deals
Grant
Insight
Projects
Market sale
HAs below 5000
View All

L&G’s for-profit housing provider becomes an RP

Legal & General Affordable Homes has achieved registered provider (RP) status.

Linked InTwitterFacebookeCard
Sharelines

Legal & General Affordable Homes has achieved registered provider status #ukhousing #socialhousingfinance

L&G registers for-profit provider with the Regulator of Social Housing #ukhousing #socialhousingfinance

Legal & General (L&G) said registration of its for-profit provider with the Regulator of Social Housing represents a “significant milestone” in its business plan, allowing it to hold and manage regulated affordable housing assets.


Legal & General Affordable Homes said it can now significantly accelerate its business plan of developing, holding and managing a blend of affordable housing tenures where the regulated status is required.

 

These include both social and affordable rent, and shared ownership homes under grant-supported and Section 106 schemes.

 

Simon Century, head of affordable housing at Legal & General Capital, said the registration will help the RP deliver its business plan “and commitment to the sector to make a genuine contribution to increasing supply whilst advancing overall service delivery”.

 

He added: “We are very much looking forward to getting on with the job and working towards delivering our first sites soon.”


Read More

L&G makes key hires to its for-profit registered providerL&G makes key hires to its for-profit registered provider
Profit for all?Profit for all?
Sage boss: for-profits mark ‘sea change’Sage boss: for-profits mark ‘sea change’

L&G announced the launch of its new provider in April, saying it wanted to become the leading private affordable housing provider in the UK amid a plan to establish institutional investors as landlords.

 

The insurance, pensions and investment management company is looking to shake up the “underinvested” affordable housing sector.

Related Stories

For general enquiries you can contact Social Housing at:

3rd Floor, 4 Harbour Exchange Square, Isle of Dogs, London, E14 9GE

Tel: 0207 772 8300
Fax: 020 7772 8590/91

© 2019 Social Housing
All rights reserved
Twitter
Facebook
LinkedIn