“Supporting your customer when things are tough helps you build a relationship for life,” he said. “Everyone wants to be around you when things are doing well, but it’s when things get tough that you see who remains there to support you.
“Planning has been and remains one of the key issues that our customers, property developers, face. So, we would like to see politicians, whoever comes to power next, take bold steps to resolve our broken planning system and put together the foundations of the next wave of housebuilding so that together, we can start to tackle the housing crisis. We are keen to deploy funding, but we need the help of politicians to help developers tackle the planning issues.”
BLEND announced last month that it had secured a new institutional funding line worth over £50 million, to offer bridging to property developers.
“It is very important to continuously evolve and expand our product range in line with the needs of the market,” said Murciano. “For example, we have just launched a new bridge product that’s targeted at those developers who have faced challenges in their schemes, are coming to the end of their facilities but facing lender fatigue from their lenders.
“So, we launched this new bridge product to support those developers and help them carry their projects until they are able to achieve a good exit at a good price, rather than having to sell fast to repay their lender.”
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