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Commercial Credit News
|Autumn Statement: comment from Just Mortgages|
|Wednesday, 23 November 2016|
John Phillips, group operations director at Spicerhaart and Just Mortgages says, “The Chancellor has acknowledged the ongoing issue of housing supply and demand, hence its pledge to inject billions into the market, but is it enough given the scale of the problem?
“It is promising to learn that it will be relaxing restrictions on government grants and rules on how affordable housing funding could be used. Hopefully this will allow housing firms to create different types of homes, fulfilling the Chancellor’s promise of a “housing market that works for everyone”.
“Although some new houses are being built, these figures highlight the growing problem and it is worrying that homeownership still remains out of reach for many. It is therefore clear that the government must go further still in order to secure the economy of the future.”
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