View more on these topics

L&G starts building prefab homes

Modular House

Legal & General has launched a new business that builds prefabricated homes.

It says the finished units will be “modern, precision engineered” homes, built in a factory in Leeds. They range from 20-storey apartment blocks to rows of terraced, semi-detached and detached houses, the firm says.

L&G claims using its prefab production technique means homes can be built 70 per cent quicker than those built using traditional techniques.

The firm say it has the capacity to build around 3,000 homes a year at present, but has not ruled out opening further factories in the future. The business will employ between 400 and 500 people.

Legal & General Homes chief executive Tom Ground says: “Legal & General Homes aims to deliver a new solution to the problems we face in the UK, addressing the shortage of suitable, affordable and sustainable housing by manufacturing higher quality, energy efficient, lower cost housing.”

Recommended

Legal-and-General-LG-500x320.jpg

L&G Mortgage Club sales grow 15%

Legal & General Mortgage Club has reported a 15 per cent increase in sales to £46bn in 2015. The club now has over 6,000 broker members and estimates it is part of one in five of all UK mortgage transactions. Legal & General Group chief executive Nigel Wilson, said: “The £46bn of mortgage sales is an […]

Aviva-signage-building-2013-700.jpg

L&G reports new Aviva protection products over legal ‘conflicts’

Insurers including Legal & General and Royal London are disputing whether Aviva’s new business protection products are allowable within tax rules, Mortgage Strategy’s sister title, Money Marketing, can reveal. Aviva launched two new products on the Aviva Life Protection Solutions platform last month including a “market first” relevant life insurance with the option to add […]

Legal-and-General-LG-700.png

L&G confirms Kingswood office to close in 2018

Legal & General has confirmed it will be closing its flagship Kingswood office in 2018 following months of speculation over its future. Money Marketing first revealed the insurer was planning to exit the Surrey site, where it has been since the Second World War, in June 2015. Early this month staff voted to strike over […]

Legal-and-General-LG-700.png

L&G staff vote for industrial action over Kingswood closure

Legal & General staff have voted for industrial action over the closure of the insurer’s flagship Kingwood office but have stopped short of supporting a strike. In a final ballot of members of the Unite union, 67 per cent of members voted in favour of industrial action short of a strike, which can include working […]

Newsletter

News and expert analysis straight to your inbox

Sign up