Monthly Archives: November 2013

Will the premature curtailment of the Funding for Lending Scheme put pressure on the Banks and Building Societies to push up mortgage rates?

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The reason why The Funding for Lending Scheme was brought in 2012 was driven by the BOE and the governments desire to free up the backlog of lending to consumers that may have been holding back the property market, and lending generally to business, that was affecting growth in the UK. Continue reading →

Boris and his desire to build more new homes in the Capital

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Halleluiah and good on you Boris for your championing the cause of new homes in London.  We build 5% of the homes we need in the Capital and the supply is being strangled by politically inept planning councils and lenders who are being thoroughly over cautious and risk averse and are conspiring to limit new house building.

The aim of building 42,000 new homes per year for the next ten years is ambitious but if you don’t set a benchmark you will never improve on your performance. Continue reading →