Round-table
Steve Allen: We just need to settle down. You can’t make decisions if you don’t know what’s happening and people won’t commit. AB: If you get Corbyn in power that’s probably of greater concern. DD: That’s a bigger threat than Brexit. This country’s very resilient and has great bounce back ability. There will be some form of Brexit bounce. What it looks like remains to be seen. A Jeremy Corbyn government is a massive threat to this country. BC: Housing has always done well under a Labour government but this isn’t Labour. JN: We had the same conversation before with people saying Corbyn is a bigger threat than Brexit. DD: Brexit’s out of our hands now. The country’s spoken and it’s down to the politicians now.
P2P’ and rephrase it as typical example of poor credit risk. MP: It doesn’t make a difference if it’s P2P or not. If you don’t have a good credit background and expertise you’ll make decisions that will come back to bite you and when you do make those decisions, you need the right economic experience in place to help you get through it. BC: We’ve seen two major failures in the last six, seven months. They’re two completely different companies. There’s a continual string of new entrants desperate to gain market share in a market awash with liquidity. Marketing initiatives seem to pretty much focus on ever lower rates and ever higher LTVs. AI: When you’re on the tube and you look at wider commuter adverts, they say ‘invest in bricks and mortar, invest in property, what could go wrong’. I don’t think the risks are really laid out properly. When you go into really complex development schemes and someone’s putting their savings into that, there has to
JN: There’s lots of thought leadership pieces about a recent report commissioned by Labour that came up with some controversial claims about how they want to see the housing market such as increasing the way we should all be renting rather than buying. It’d be interesting to hear what your biggest fears are should Labour get into power. RM: As businesses we have to try to take the opposite view. Whoever comes into power and wherever the cards lie we have to work out where the opportunities are. Lenders and brokers have the ability to change and come up with solutions to take the best positivity from the economy. We could build our way out, transform the country. We’re not the biggest lenders in the UK but we can make a difference in our own little world. The opportunity will come but it’s whether we are quick enough to seize it. Nobody can second guess what will happen. JN: It’s been seen that Lendy was a typical example of poor peer-to-peer lending. What represents a good P2P lender and what lessons do P2P lenders have to learn from the demise of Lendy?
“If every private landlord when Section 24 kicks in, says they’ve had enough suddenly, we’d create the biggest housing crisis the country’s ever seen” Roger Morris
DD: I’d take out the term of ‘typical example of poor
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JULY 2019
BRIDGING INTRODUCER
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