RICS - Affordable Housing

The BCFC attended the Finance for Housing conference at the RICS headquarters yesterday. RICS was accompanied by Chartered Institute of Housing on the hosting of the event, they provided the diverse attendees with a variety of speakers, ranging from former MP’s to innovative directors to TV show winners.

The session kicked-off with the contextualisation of the current economic position that the housing market is currently in. Speculating on and outlining the challenges and opportunities the industry faces. An insightful but also interesting perspective on these issues was covered by the likes of Lord Richard Best OBE, James Boyle at Infrastructure Investments Ltd and Phil Collins columnist at The Times and speech writer for Tony Blair.

The highlight of the day, most relevant to The BCFC, was the discussion on Alternative sources of finance. We appreciated the innovative and entrepreneurial directors from Crowdfunding and Peer-to-Peer lending (P2P) platforms. For the people who are unfamiliar with this alternative take on investing/gaining finance, in a nut shell it is a platform and a means of connecting the investor (lender in some cases) to the borrower or entrepreneur. The great concept with these Crowdfunding organisations is the flexibility; with the US market practically flooded with P2P and Crowdfunding the European markets remain systematically monopolized by a few platforms leaving a multitude of options open for other variations of Crowdfunding.

Yesterday we were fortunate enough to listen to a diverse board of directors from multiple Lending Platforms. It was engaging to hear the contrasting concepts from LendInvest, Assetz Capital and Funding Circle. They advised and assisted on both the Lenders approach and the Borrowers. This thought-provoking seminar provided the conference with alternative solutions to achieving affordable housing. Whilst at the same time applying additional sense and notion to the Loans industry.

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