LETTING & ESTATE AGENT

Legal & General announces plans to become major landlord

Legal & General announces plans to become major landlord

Insurance giant Legal & General is to enter the private rented sector and become a major landlord in the build-to-let sector.

The company has £443bn under management, mostly in pension funds.

Legal & General made its first direct investment in the housing sector in March when it bought a 46.5% stake in house builder Cala.