UK Finance response to the Prime Minister’s speech at the National Housing Federation Summit, where she announced £2bn of additional funding for housing associations.
Jackie Bennett, Director of Mortgages at UK Finance, said:
“Today’s announcement provides much needed certainty regarding the government’s commitment to the social housing sector, enabling housing associations and their private funders to plan and build for the future.
“Affordable housing across the UK is an economic and social priority and lenders are committed to playing their part.
“The industry provided £8.6 billion of private finance for social housing in 2017, helping to fund affordable homes across the country.
“UK Finance and its members now stand ready to work with the government and housing associations to support long-term investment in affordable homes.”
Source of information UK Finance.
Author: Allen Walkey
Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.