Commercial News

Housing and bridging 'will be boosted by Cabinet reshuffle', say Kuflink

10th January 2018

Kuflink Bridging, the Kent based short term lender, believes that the expansion of Sajid Javid’s existing brief to include Housing as well as Communities and Local Government, signals a sea change in the way that successive governments have regarded the property market and the issues surrounding the lack of new home provision.

Kuflink Bridging say it is 'looking forward to increasing business volumes' as the demand for short term lending has grown significantly over the past twelve months.

Speaking about the Cabinet reshuffle, Kuflink CEO, Narinder Khattoare commented:

“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.

"The Chancellor’s commitment to house building 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 2nd tier minister to another. I had been worried that with the government’s increasing focus on Brexit, the Chancellor’s promises 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 cashflow finance can only increase for businesses allied to the building trade. The next two years should be very positive for the bridging market.”

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