FSE: Sinclair: Be careful what you wish for
Speaking at Speaking at the Financial Services Expo in Manchester Sinclair, who is chairing the events seminar program, highlighted the issues affecting the market.
He said: “At the bottom of the crisis we wished for a lot of things and the government has delivered with schemes such as Funding for Lending and Help to Buy.
“However these schemes have revealed chronic problems in the market – m0st notably the lack of supply.
“Not enough homes are being built and we don’t have a strategy in place to rectify the issue.”
And Sinclair warned that there is no quick fix for the market’s woes.
Sinclair said: “Builders will say that a ten year program is required to build the amount of houses that the UK needs.
“Whatever new government is formed following the election it will need a plan.”