Close

Aldermore comments on ONS house price index

POSTED: 16th February 2016
IN: Newsroom
Share:

Commenting on the ONS House Price Index figures for December, Charles Haresnape, Group Managing Director for Mortgages at Aldermore, said:

“While homeowners will be pleased, the 6.4 per cent year-on-year increase in the average price paid by first-time buyers is a slight cause for concern as the pace of property price rises outstrips that of salary growth.

“However, it is important to note that this should be viewed against a backdrop of mortgage affordability which is positive when compared with historical levels, and first-time buyer lending in 2015 was at its highest annual level since 2007. Nevertheless, while 2016 should see a lower annualised rise in house prices, we can expect the upward trend to continue as long as supply pressures continue to put constraints on the market.”

**Ends**

For further enquiries, journalists can contact:

Johnathan Priestley, Cicero Group

Phone:          0207 297 5954

Email:           Johnathan.Priestley@cicero-group.com

Rachael Snelling, Aldermore

Phone:          0208 1853 102

Email:           Rachael.Snelling@aldermore.co.uk

Notes to Editors:
For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page.

  • Mortgages
  • Press Release

Published: