Lloyds Living – the private rental spin-off of the Lloyds Banking Group – says it is to offer more than 100 new homes to the rental market in Suffolk.

It’s part of a deal with housebuilder Taylor Wimpey, slicing off some of the company’s 1,150-home Chilton Woods scheme in Sudbury.

Lloyds Living already owns and operates a portfolio of more than 5,000 Build To Rent homes across the UK and has agreed the purchase of 107 homes to be built at Chilton Woods, the first of which are expected to be completed in late 2025. There will be two, three and four-bed houses.

Energy efficiency is a key feature of the homes Lloyds Living has acquired – all 107 will be connected to a centralised air source heat pump system.

The acquisition marks Lloyds Living and Taylor Wimpey’s first collaboration in the private rental sector.

Andy Hutchinson, chief executive officer of Lloyds Living, says: “We are very pleased to be working with Taylor Wimpey for the first time at Chilton Woods, which is regenerating the area to the benefit of the local community in Sudbury. 

”Chilton Woods is an ideal fit for Lloyds Living, bringing forward high-quality rental homes in a desirable but under-served location. The improved energy efficiency of these homes and their use of a centralised air source heat pump will bring tangible benefits to our customers.”