L&G provides debt for 500 homes
Legal & General (L&G) has agreed to provide one of London’s largest housing associations with a £40m loan as part of its expansion into the UK housing sector. The insurer, which already has a strong presence in housing through its co-ownership of Cala Homes, said the 25-year loan to Thames Valley Housing Association would help build 500 affordable homes and was secured against two NHS housing schemes.