“Brexit has not changed the resilient foundations of the housing market”: LendInvest responds to Halifax House Price Index
Halifax has published its latest House Price Index, revealing that prices fell 1% during July. Despite this, house prices in the three months to July were 1.6% higher than the previous quarter, and 8.4% higher than the same period in 2015.
Responding to the figures, Ian Thomas, Co-Founder and Director of LendInvest, said:
Brexit has not changed the resilient foundations of the housing market. While house building numbers are up slightly according to the National House Building Council, the fact remains that we simply aren’t building anywhere near enough to meet demand. This lack of supply, combined with cheaper financing as a result of yesterday’s base rate cut, will continue to support house prices.
The Prime Minister has talked about improving housebuilding, but those words need to be backed up with meaningful action. We can’t simply look to the biggest housebuilders to build us out of this crisis – more needs to be done to support developers of all sizes.
About LendInvest
LendInvest is the UK’s leading platform for property finance.
LendInvest offers short-term, development and buy-to-let mortgages to intermediaries, landlords and developers. Its proprietary technology and user experience are designed to make it simpler for both borrowers and investors to access property finance.LendInvest has lent over £3bn of short term, development and buy to let mortgages.
Its funders and investors include global institutions such as HSBC, Citigroup and NAB, and, in 2019, it was the first Fintech to securitise a portfolio of BTL mortgages. The company has reported annual profitable growth since 2015 and was named Digital Innovation Award Winner at the Sunday Times Tech Track 100 Awards, and both Specialist Lender and Buy-to-Let Lender of the Year for 2019 at the last NACFB awards.