Responding to the Prime Minister’s speech today at the National Housing Federation Summit, where she announced £2bn of additional funding for housing associations, Jackie Bennett, Director of Mortgages at UK Finance, said:

“Today’s announcement provides much needed certainty regarding the government’s commitment to the social housing sector, enabling housing associations and their private funders to plan and build for the future.

“Affordable housing across the UK is an economic and social priority and lenders are committed to playing their part.

“The industry provided £8.6 billion of private finance for social housing in 2017, helping to fund affordable homes across the country.

“UK Finance and its members now stand ready to work with the government and housing associations to support long-term investment in affordable homes.”

Notes to Editor

  1. UK Finance is a trade association formed on 1 July 2017 to represent the finance and banking industry operating in the UK. It represents around 250 firms in the UK providing credit, banking, markets and payment-related services. The new organisation brings together most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association
UK Finance responds to PM speech at National Housing Federation Summit