For over the last decade, Market Financial Solutions has become nationally renowned for our deployment of bridging loans to support property investment in the UK. And as an experienced bridging lender, we have been keeping an eager eye on the impact major political events are currently having on the property market.
The latest of these was the annoncement that Boris Johnson had won the Conservtive Party’s leadership election; he has since been appointed as Theresa May’s successor as Prime Minister. Given his status as overwhelming favourite from the beginning, his victory against Jeremy Hunt comes as little surprise. But will this latest appointment break the political deadlock currently plaguing Westminster? And can Boris deliver a Brexit withdrawal agreement that parliament would be willing to back?
This was a point Market Financial Solutions’ CEO, Paresh Raja, discussed with the Financial Times, amongst other leading property publications. Called upon to offer his thoughts on what the property and specialist finance industry thought of the country’s new PM, Paresh Raja said the true challenge for Boris Johnson will be determining how to get Parliament on his side.
“The most pressing of all is his strategy towards progressing Brexit. Given the hardships faced by Theresa May in her attempts to get her withdrawal bill through parliament, it remains to be seen how he will be able to achieve this.”
Parliament will soon break-up for its six-week summer recess, reconvening on 3 September. Some may rightly question whether such an extended break is warranted given the new Brexit deadline is a mere three months away.
Nonetheless, to ensure our clients and investors are fully aware of the implications stemming from the current political and economic climate, Market Financial Solutions will soon be releasing a brand-new factsheet. This factsheet will reveal what Boris Johnson’s proposed plans are for the property and finance markets, supported by expert industry analysis from our experienced team.
To find out how you can reserve a copy of this factsheet, get in touch with MFS today by emailing: email@example.com