ADVANTAGE ONLINE | JUNE 2024 13
This potential growth , however , will likely be swayed by the oncoming general election . However , there was no consensus among the respondents on just how impactful the election will be . Some 37 % believed the election would have no significant impact on the market . Meanwhile , 34 % felt it would have a negative impact to a moderate extent , and 24 % thought it would have a moderately positive effect .
Now though , these results may need to come into question . The survey results were released in late April , when the general assumption was that a general election wouldn ’ t occur until the 2nd half of the year . There was time to consider repercussions and likelihoods . That is no longer the case .
The announcement of a surprise summer election has changed everything . Plans will now likely need to be scrapped , re-written , or adapted . For many investors , it ’ s time to head back to the drawing board .
If the same bridging market survey was to be conducted today , we ’ d likely see a very different set of results concerning the general election , considering how little time we have to prepare .
In fact , currently , confidence in the government appears to be running low in the property scene . According to YouGov , most people believe that neither Labour or the Conservatives would be better at helping people get onto the housing ladder .
Still , come July 4th , property investors and the wider population will need be ready . Chances are , a Labour government will come to power in the summer , bringing with it a new set of policies , priorities , and political goals . In all likelihood , this will upend the market .
So , what could this mean in the run up to , and fallout of July 4th ? Well , in the face of uncertainty and shifting priorities , the specialist lending scene will likely continue to prove its worth .
Some investors , as was the case with landlords in recent months , will likely try to exit the market , rather than face the challenges of a new government . One which may not be entirely welcoming of landlords or portfolio investors .
Here , there are several ways in which bridging products can assist . Sellers , for example , could use refurbishment loans to quickly spruce up their assets , and make them tempting for buyers . On the other side of that coin , purchasing finance is there for expanding buyers and landlords who want to jump on new and exciting options .
The coming months will present both immediate , and long-term challenges for investors . But there will also be immediate and long-term opportunities . As a bespoke lender with nearly 20 years of experience behind us , we understand that better than most here at MFS .
This is why we have a range of products available to suit a number of time horizons , and circumstances . Our bridging loans are there to wrap up investments within mere days , while our specialist BTL mortgages can accommodate terms of up to five years . What ’ s more , our new Bridge Fusion product provides a more medium-term solution for insiders , combining the best of both worlds . No matter what looms , we ’ ll be ready .
To find out more about MFS , visit the website .