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Aldermore Bank's Charles Haresnape comments on Council of Mortgage Lenders' figures

POSTED: 8th August 2013
IN: Newsroom
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Following today's figures released from the Council of Mortgage Lenders

Residential Mortgages Managing Director at Aldermore, Charles Haresnape, said:

"Today's figures reflect the continued strengthening of the UK housing sector, notably in the buy-to-let market.

"These numbers, as well as yesterday's announcement by the Bank of England to hold the base rate at 0.5% until 2016 at the earliest, could certainly be a healthy sign of things to come.

"The Bank's decision provides stability to landlords looking to remortgage their properties, first time buyers who may have been put off by future changes to rates and more widely to lenders, who now have a clearer roadmap for their customers.

"There of course remain challenges in the sector, but both today's figures and the wider trends in the economy demonstrate significant improvement".

**Ends**

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