A completed home still needs a buyer
A household needs sufficient income, a deposit and approval for the required loan. The lender also needs the balance-sheet capacity to make it. Increasing the number of homes for sale does not remove either requirement.
Banks operate within capital and leverage rules. Mortgages sit alongside business lending and other credit on their balance sheets. Housing therefore competes with other uses of lending capacity.
Long loans accumulate
A mortgage remains outstanding for many years. Financing a sustained increase in home purchases adds successive years of lending to the existing stock. The funding requirement grows across the programme rather than resetting each year.
Relaxing financial safeguards transfers risk into the banking system. The proposal addresses the funding structure instead: capital reaches the Trust through bonds and households pay rent for their homes.
Fund provision directly
The bond proceeds fund construction. The Trust collects rent across the portfolio and uses it to maintain the homes, manage the service and meet bond payments. Residents enter the scheme without taking out an individual purchase mortgage.
That structure removes dependence on each incoming household obtaining a mortgage. It still carries investment, delivery and rental-income risks, which the bond framework and the risk register address. It creates an additional route from investment to housing provision with its own responsibilities and safeguards.