Commenting on the September quarter house building figures from the Department for Communities and Local Government (DCLG),
Charles Haresnape, Group Managing Director – Mortgages at Aldermore said:
“Building new houses continues to be one of the most significant policy areas for the Government, so it is positive to see a continued increase on house building starts on the previous quarter and year-on-year.
“The new regulations aiming to speed up the planning process remain a priority if we are to continue keeping up with buyer demand and wider targets. However, the year-on-year, one per cent fall in annual housing starts, may be small, but it is a direction that we do not want to be taking.”
For further enquiries, journalists can contact:
Adam Taylor, Cicero
Phone: 0207 297 5971
Rachael Snelling, Aldermore
Phone: 0208 1853 102
Notes to Editors:
Aldermore is an SME-focused bank which operates with modern, scalable and legacy-free infrastructure.
It offers simple financial products and solutions to meet the needs of underserved Small and Medium-sized Enterprises (SMEs) across their business and personal lives, as well as homeowners and savers.
Aldermore has no branch network but serves customers and intermediary partners online, by phone and face to face through its network of regional offices located around the UK.
Building on its core values of being reliable, expert, dynamic and straightforward, Aldermore aims to deliver banking as it should be.
Established in 2009, Aldermore has grown significantly. At the end of September 2015, lending to customers stood at £5.8 billion and customer deposits totalled £5.4 billion.
For more information, please visit www.aldermore.co.uk.
Aldermore Bank PLC is an operating entity of Aldermore Group PLC. In March 2015, Aldermore Group PLC’s shares (ALD.L) listed on the Main Market of the London Stock Exchange.
Aldermore Bank PLC is regulated by the Prudential Regulation Authority and the Financial Conduct Authority and is registered under the Financial Services Compensation Scheme.