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March 13, 2018

LendInvest's response to the Spring Statement

Today the Chancellor delivered the first Spring Statement, making up for the absence of his red book with promises of a balanced approach to economic recovery, supported by wage growth and a decreased inflation.
From a property market perspective, the absence of a major policy shakeup in the chancellor’s statement today is precisely what the industry needed. Rather than spending time adapting to the step changes we’ve become used to seeing, lenders and developers alike can get on with what they do best, getting more homes built across the UK.
This is a clear opportunity for industry and government to get the funding mechanisms that are already in place, such as the Home Building Fund and British Business Bank, working harder to increase the supply of much needed capital to SME homebuilders around the country.