HBOS has increased its exposure to housebuilders by taking a 40% stake in Tulloch Homes Group. Daily Telegraph

The £27.5m investment in the private Scottish company comes just days after the bank invested in Miller Group, the UK’s largest privately owned construction company and housebuilder.

HBOS, through its Bank of Scotland Corporate arm, bought stakes in Crest Nicholson and McCarthy & Stone last year. Its housing-related investment portfolio includes Cala, Keepmoat and Apollo, making it one of the most significant players in the UK’s sector.