Relendex News

Latest financial news and updates from Relendex

The Housing Crisis- A New Year Res-Solution

new year

It is the Government’s stated aim to build 300,000 homes on average each year to solve the ever-increasing housing crisis. What resources will it take to do that? Land with planning permission, willing developers and necessary funding. The Government has already committed to releasing more land, particularly to smaller developers and is consulting with Local Authorities and developers on how to speed up the planning process. As to willing developers; there are plenty of great SME developers across the country with years’ of experience and schemes under their belt, ready and willing to take up the challenge provided that the other two elements are in place. The largest 16 housebuilders built 90,668 in the year to October 2017. Even assuming a dramatic increase in their activity they are unlikely to build more than 150,000 new homes between them. This would leave a further 150,000 homes to be built by the smaller SME developers. Relendex has seen at first hand the demand from SME builders to fund the building of new homes and the refurbish existing properties. We also know from lenders that there is appetite out there for investment loans on income-producing property. Government efforts to boost the housing supply are being choked by a squeeze on funding for small housebuilders, according to a recent Federation of Master Builders (FMB) industry study. It showed that 54% of small and medium-sized developers said accessing finance is a major barrier to building more homes. Almost 10 years after the financial crisis accessing finance is a major barrier for small house builders and is getting worse rather than better. This is despite Govt support through the £3bn Home Building Fund to help those firms with development and infrastructure.

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A Year in Review

Relendex 2017 Summary

2017 was a momentous year for us here at Relendex. So we thought it was only fair for us to take a walk down memory lane and see what 2017 brought us.

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Relendex set to help unlock the Chancellor's House Building Initiative

budget 2017

In his budget statement, the Chancellor, Phillip Hammond declared that he was providing a total of £44 billion in support, (funds and guarantees) over 5 years to kick-start house building in the UK. The government’s stated aim is to build 300,000 houses a year. The average UK house costs £190,000 to build, so even if the Chancellor could achieve his aim, these additional funds only amount to 230,000 additional houses, some 46,000 houses per year.

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Can Peer-to-Peer Help Solve the Housing Crisis?

housing crisis

In an earlier interview on the BBC, Communities Secretary Sajid Javid said taking advantage of record-low interest rates "can be the right thing if done sensibly".

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The Next Popular Suburb in Liverpool - Sefton Park

Sefton park
Photo by: Ben James

As property investors look outside of London for new opportunities, Liverpool has proved to be one of the hottest cities for property investors. With a growing population of ~ 489,541, Liverpool is also home to a larger young population in comparison to the rest of England. 42% of the population are below the age of 30, compared to 37% for the country as a whole.

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