Bovey's Imagine Homes taken by HBOS

Laura Stavro-Beauchamp
Imagine Homes, the UK's largest buy-to-let business, has been taken over by HBOS.

Grant Bovey, owner of Imangine and husband of TV presenter Anthea Turner, will now consult for HBOS.

He is known for sinking millions of pounds on some of the UK's largest property transactions.

The company had a turnover of £53m for the financial year to spring 2007 a drop of £3m from spring 2006 but documents reveal Imagine lost £6,429,926 in 2007 following a loss of £2,816,807 in 2006.

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