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The Independent UK
The Independent UK
National

Reluctant banks are partly to blame for the UK’s housing crisis – but alternative lenders offer a way forward

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The UK has a severe housing shortage. According to one estimate, more than 440,000 homes would need to be built over the next 25 years if the deficit in housing is to be overturned. Yet fewer than 250,000 were built in 2022, and even that was a record. The UK lags far behind most other European countries in terms of its housing provision, and there’s little sign that will change.

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