Property Week’s David Parsley interviews Urban Exposure CEO Randeesh Sandhu on the size of the UK’s funding gap and how the company can help plug the hole.
Urban Exposure is to list on the AIM market next week, in a move that will help the residential lender to capitalise on rising demand for housebuilding finance. Randeesh Sandhu says Urban Exposure’s listing will see it lend more to SME builders. Chief executive Randeesh Sandhu told Property Week that there was a funding gap of more than £200bn over the next decade, which stood in the way of developers achieving the government’s 300,000-homes-a-year target. “The banks are not filling that gap, so we have an opportunity to grab a slice of that market,” said Sandhu.
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