Spring Statement: A Step Forward or a Missed Opportunity?

Chancellor Rachel Reeves has pledged 1.3 million new homes over five years – the largest drive in four decades. With a focus on expediting planning approvals, Labour aims to tackle the housing crisis. But is increasing supply enough to drive real change?

Industry Concerns: Affordability & Accessibility

The property and finance industries have responded with mixed reactions. While faster planning decisions are welcome, affordability remains a major issue. The Spring Statement lacked new initiatives for first-time buyers, Stamp Duty relief extensions, or mortgage affordability reforms. Although the government expects the FCA to ease mortgage borrowing, no concrete action has been taken. Without real change, homeownership may remain out of reach for many.

Missed Opportunities in Housing & Finance

Mortgage Accessibility & Affordability Criteria

Industry leaders urge a review of loan-to-income caps and affordability rules, particularly for buyers with strong rental histories. While the FCA has acknowledged this, no firm action has been taken.

Lack of Support for First-Time Buyers

With no new incentives, high interest rates and deposit requirements continue to hinder aspiring homeowners.

SME Developers Overlooked

The focus on large-scale developments ignores the vital role of smaller developers, who need financial support to contribute meaningfully to the market.

Retrofitting & Empty Homes Left Out

Refurbishing empty properties is often quicker, greener, and more cost-effective than new builds. Yet, the focus remains on large developments that take years to complete.

The Road Ahead

Will planning reforms and increased housebuilding be enough, or does the government need to do more on affordability and finance?

While policies shape the market, smart financing remains essential. At Pure Structured Finance, we provide tailored solutions to support developers, investors, and brokers:

Bridging loans – Secure opportunities quickly
Development finance – Fund projects from start to finish
Specialist lending – Navigate complex deals with bespoke solutions

As the industry evolves, flexible and strategic financing is key. Contact us to explore how we can support your property finance needs.