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Aldermore comments on Chancellor’s announcement on buy-to-let

POSTED: 23rd October 2015
IN: Newsroom
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Commenting on new powers for the Financial Policy Committee in the buy-to-let market, announced by the Chancellor at the Treasury Select Committee yesterday, Aldermore Group Managing Director, Mortgages, Charles Haresnape says:

“We welcome any policy moves to improve the private rented sector but it is important that any powers granted do not jeopardise the buy-to-let market. The private rented sector is a vital component of the UK housing market and policy levers must be used to support the sector in driving additional capacity.

“It is important that the Financial Policy Committee works closely with the sector and uses any powers sparingly and appropriately, and not unnecessarily remove any momentum from the private rented market.”

**Ends**

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Johnathan Priestley, Cicero
Phone:            0207 297 5954
Email:             Johnathan.Priestley@cicero-group.com

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