Yes and Tescos too. As well as loads of office to residential conversions waiting in line and re-thought retail spaces in high streets for older peoples housing. It could well be LBG's big ticket. I just have a nagging feeling that they seem a wee bit complacent. The thing about "People don't pay their rent and trash the house" is that it is sometimes true, for whatever reasons. Eviction processes are time and resource consuming. Repair and relet standards have to be very high and properties built in proven locations to attract the least risk tenants. Barrat Homes might better than some of the other big house builders but neither they or LBG have the cleanest track record for integrity in customer service. That really matters as a landlord. People change tenancies far more frequently than they do banks. Im just a bit spooked by the scale of their ambition in this while underwhelmed by their ambition to provide top class banking services.
I read they had announced a partnership with Barrat Homes. They must have done there due diligence and concluded this is a fabulous builder of quality homes with a reputation for excellence that is equal to LBG. What could possibly go wrong? Oh.
RE: Ftse 100 up 46points during past 5 days lloyds down27 Aug 2021 11:15
Faulkes "Don’t be so sure". I agree with you there. I understand the opportunity ie cheap borrowing and demand for rentals. I am much more uncertain about how LBG acquires sufficient skill and expertise as a landlord while expecting to ramp up to 50,000 units in ten years. Embark looks shrewd but this looks a little desperate and may have far greater risk attached to it. It's another reason for less share of profits to be returned to shareholders. Quite ballsy of them to look at a market they know nothing about and decide they will be the biggest UK player in ten years. I hope they dont screw up.
Gooner and Oiky its not that difficult. Dustman outside a Chinese Takeaway says "Wheres you're bin?" "Hong Kong" says the gentleman. Dustmen says "No, wheres you wheelie bin?" "I wheelie bin to Hong Kong" he says. Better than all the cat calling and handbag shenanigans.
Petanque southcoastbather Filters work on usernames. The people who recommended the posts aren't known to me. Explain how the filter can be applied to a username whose identity is not known? Without being so patronising, if you can find it in you.
who knows on property values but they always go up in the end. 50,000 units is one hell of a large stock to acquire so I really hope CITRA are up to it. I read somewhere that makes them bigger than Grainger, the biggest UK private landlord so far. Wonder if they will try and let very selectively or to all types as per their equalities rhetoric.
HV Im suggesting that young people should be the hope for our future and not blamed for the problems we have. Its a bit like looking in the mirror at our younger selves. If we don't create the right environments and opportunities for all kids to thrive, it becomes their job to stick two fingers up at us.
"British yoof out there waiting for a job, Trouble is none of them can do anything" "There were an estimated 728,000 young people in the UK who were NEET in January to March 2021, which is a record low" (ONS) So maybe not millions but I take your point that amid several hundred thousand young people there are some that cant function in a work environment. But that didn't happen by accident or by Brexit. Ask yourself if you were a young person, would you flip burgers for ten pounds an hour or work county lines for a couple of hundred quid a day? I think I agree with some of what you say but you could look at this situation as a human skills wastage as much as a shortage.
RE: Lloyds boss hits ground running on his first day17 Aug 2021 10:07
Theoseus "such as oiling his bike and going for a jog". Carbon friendly, health and wellbeing, father figure, family values. Safely innocuous. I hope our £6M man will become more than ESG window dressing.
livestock that article isn't especially long is it? Father of four who rides a bike thinks he may have to continue efficiencies (source unknown). Mr Nunn's list of achievements now includes "low key arrival as Lloyds CEO".
RE: Déjà vu, buybacks observation.15 Aug 2021 14:52
Zirp abusing their positions for personal benefit. I don't claim expert knowledge of any financial wrongdoing by May, but decorum and dignity are two words I cant reconcile with Mays term as leader. If the continuum is measuring who abused their position for financial reward I agree she is beyond comparison to Cameron and Blair. Ill always remember her for being the Home Secretary that stepped up the hostile environment and authorised the "Go home or face arrest" vans. Part of the deep disconnect between UK foreign policy and ownership of consequence that resulted in examples such as Windrush. I doubt Priti Patel would have had the chance to be Home Secretary without May's legacy. I should have read your post properly before reacting as you were clearly only referring to financial gain, apologies. "loss of political decency and detachment." Seems a very poignant remark the day after news of Ken Loach being expelled from the Labour Party.