The short-term lender believed that it signalled a sea change in how successive governments have viewed the property market and the issues that surrounded the lack of new housing.
Speaking about the cabinet reshuffle, Narinder Khattoare, CEO of Kuflink (pictured above), said: “I am excited that at last, housing – and by extension the property market – is going to be represented at cabinet level for the first time, certainly in this century.
- Kuflink Group appoints new CEO
- Kuflink Bridging completes its first drawdown loan
- Kuflink announces five-year sponsorship with football club
“The chancellor’s commitment to housebuilding last autumn will carry more weight now that we have a senior minister with housing in his brief.
“Housing has been like the unwanted lovechild, shuffled from one second-tier minister to another.
“I had been worried that with the government’s increasing focus on Brexit, the chancellor’s promise would have as little chance of seeing a proper outcome as many of his predecessors did.
“However, Mr Javid has a real opportunity to put flesh on the bones of the chancellor’s Budget promises.
“Consequently, over time, the requirement for cash flow finance can only increase for businesses allied to the building trade.
“The next two years should be very positive for the bridging market.”
Leave a comment