Legal & General : Affordable Homes Acquires 390 Shared Ownership homes from Orbit Group

The acquisition has been funded by Legal & General's Institutional Retirement division forming part of its ambitions to increase its investment into the Affordable Housing sector.

The Orbit homes are distributed across 32 local authorities, spreading across the North and South Home Counties, the East and West Midlands, and Norfolk.

Against an acute shortage of affordable housing in the UK, Shared Ownership will support more people get on the property ladder, combining owning and renting in an affordable way. Through this type of acquisition, Legal & General is supporting the delivery of much needed affordable housing while enabling housing associations that we partner with to direct their capital towards local needs.