RESI: 'Councils should use PWLB money to lend to SME housebuilders'

By Richard Williams2018-09-13T11:45:00

Source: Shutterstock/Elena Elisseeva

Local authorities should stop buying commercial property and start providing loans to SME housebuilders, according to LendInvest’s founder Ian Thomas.

Councils have invested billions of pounds in commercial property, taking advantage of access to cheap capital through the Public Works Loan Board (PWLB), but should instead use the money to fund housebuilding.

This content is only available to registered users

You must be logged in to continue

Would you like to read more?

Register for free to finish this article.

Four FREE articles of your choice per month
Breaking news, comment and analysis from industry experts as it happens
Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue