A guide to the 2019 General Election
Market Financial Solutions (MFS) is one of the UK’s foremost specialist finance providers. Our suite of bespoke lending products ensures private clients and brokers have access to tailored bridging loans that can be deployed quickly and in a wide range of different financial circumstances.
Since 2006, we have been working closely with property owners, investors and buy-to-let landlords, making sure that even in times of political transitions and economic shocks, our network of clients has immediate access to fast finance and expert support.
Over the last three years, one of the biggest challenges facing the UK’s lending market has been the uncertainty surrounding Brexit. Since the country voted in the majority to leave the EU in 2016, the government has been in a political deadlock, unable to conclude Brexit negotiations or provide the clarity needed for consumers, businesses and investors to effectively plan for the future.
Following his appointment as prime minister on 24 July 2019, Boris Johnson was adamant the UK would leave the EU with or without a deal come 31 October. For some, there was hope that his brash commitment would force opposing factions to compromise and vote in favour of the new withdrawal bill. This ultimately did not come to pass, with the Prime Minister’s new withdrawal bill defeated in the House of Commons, leading to a third extension of the Brexit deadline to 31 January 2020.
In the latest turn of events, and in the hope to break the political deadlock in Westminster, the government has called for a general election to take place on 12 December 2019. The Prime Minister is hoping the public will vote for the Conservative Party out of a desire to get a deal done.
The election campaigns are now underway, with each of the major political parties announcing their bold policy reforms for the country. Looking beyond Brexit, housing is set to be a significant topic of discussion and debate.
To help outline the vision each major party has for the property market in the post-Brexit world, we have created a guide of the key reforms being proposed, ensuring those involved in the real estate sector understand what changes to legislation could come to pass following the general election. In doing so, this guide serves as an important reference tool for brokers seeking to inform their clients about the potential implications of the various possible outcomes to the vote.
Click here to download your exclusive copy of ‘MFS Guide to the 2019 General Election’.