Legal & General launches rental offer at later living communities
Legal & General announces that is has launched homes to rent to the later living sector through Inspired Villages, its suburban later living business. Broadening its offer, this new rental offer provides greater choice for residents in order to suit their individual financial circumstances and is part of Legal & General’s commitment to providing housing across the spectrum of all tenures, ages and social groups.
Research by the Centre for Ageing Better has shown that 414,000 older people now rent a property, up 63% from 254,000 people in 2007. By 2040, more than a third of over 60s will be living in private rented accommodation, according to the study.