UK Property Finance Speaks with Confidence of Britainâ€™s Future Housing Market
Online PR News – 20-October-2016 – Leicestershire – One of the UKâ€™s leading names in flexible, intelligent financial services has praised a recent government announcement, confirming plans to spend billions on new housing developments over the coming years. According to the experts at development finance broker UK Property Finance, the announcement made by Sajid Javid, Secretary of State for Communities and Local Government, is exactly what the British housing market needs.
A Welcome Announcement
â€śAldermore welcomes the announcements from the Treasury supporting increased levels of housebuilding, but far more needs to be done for the UK to tackle supply issues, as this additional funding is not enough to match demand. Aldermore has long made clear its commitment to smaller developers and the vital role they have to play in solving the housing supply deficit.â€ť - Charles Haresnape, Aldermore Group Managing Director
According to Javid, the increase in house-building measures will include investments worth ÂŁ2 billion for the development of new homes on public land, along with ÂŁ3 billion added to the Home Buildersâ€™ Fund. It is estimated that the fund will help developers, builders and SMEs to contribute to deliver at least 225,000 new homes across the UK. The government suggested that the first 15,000 new builds will be in progress by the end of the current decade.
Experts appear to be in universal agreement that the direction being taken by the government represents one of positive progress, as the UK continues to struggle with a fast-swelling population. Campaigners have been lobbying officilas for some time to implement measures to encourage accelerated property development â€“ affordable housing in particular.
A Step in the Right Direction
â€śInsufficient levels of house building over the years have driven up house prices, making homes unaffordable for many so it is vital the government addresses this issue. Speeding up the house building process by providing funding for smaller house builders and making more brownfield land available to developers will go some way towards tackling the 1.2m housing deficit the UK has accumulated by missing house building targets since 2004. That said, it is crucial that the Government strikes a balance in the type of homes being built. The Government is right to support those looking to buy their own property but the needs of those wishing to rent at affordable prices should not be entirely overlooked either.â€ť - Andrew McPhillips, Chief Economist at Yorkshire Building Society
According to UK Property Finance, the UKâ€™s construction and development industries have long been denied access to flexible, intelligent and affordable financial products, created specifically to cater to their needs. Specialising exclusively in financial products and services for commercial and residential developers, UK Property Finance builds bespoke service packages around the precise needs of each client.
About UK Property Finance:
An innovative newcomer to the financial services market, UK Property Finance was established to help support the SME house-building industry, with a dedicated team of financial advisers who have extensive experience in sourcing and structuring development finance packages. The company offers financial products which support residential development, commercial development and residential refurbishments. Along with funding available from ÂŁ50,000, no upfront fees and the very best rates on the market, UK Property Finance offers up to 75% of land purchase price and 100% with additional security.