Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

The Lloyds Banking Group could become the UK's biggest domestic property landlords with plans to buy 50,000 homes in the next decade, the BBC and FT reports. Britain’s largest lender and banking giant will charge tenants rent as a private buy-to-let landlord under its recently launched Citra Living brand. The Financial Times said the bank was aiming to buy 400 properties this year and 10,000 homes by the end of 2025. Lloyds, which owns Halifax, Bank of Scotland and insurance company Scottish Widow provides nearly one in four mortgage home loans in the UK. Citra Living is starting small and testing the rental market, with a focus on buying and renting new build housing properties. Their first buy-to-rent project is 45 new apartments at Fletton Quays in Peterborough. The Financial Times said if Lloyd hit their 2025 target, it would make Citra bigger Grainger, the UK's current largest private residential landlord, which owns about 9,100 properties and has a market capitalisation of £2.1bn. Based on current prope