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Aldermore responds to resolution foundation research

POSTED: 2nd August 2016
IN: Newsroom
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Further to today’s research published by the Resolution Foundation showing UK homeownership has fallen to 64 per cent, Charles Haresnape, Aldermore’s Group Managing Director, Mortgages, said

“Today’s research reflects the changing nature of the British housing market and only highlights the important role that private landlords play in meeting the needs of tenants. Britain now has the fourth lowest level of home ownership in the EU after it was overtaken by France for the first time since records began 20 years ago. 

“As our own figures show, initiatives such as the Help to Buy Scheme have benefited first time buyers from across the country, not just in London and the South East.  

“However, the number of properties in Britain worth £1 million or more is set to more than triple by 2030, and if the Government is keen to support homeownership then meeting and exceeding housebuilding targets must be a priority for the new housing minister. Progress has been made in recent years around updating the planning laws and regeneration of brownfield sites, but we need to also look at issues such as access to finance for small developers and building on areas of the greenbelt.”

**Ends**

For further information, journalists can contact:

Rachael Snelling, Aldermore
Phone:          0208 1853 102
Email:           Rachael.Snelling@aldermore.co.uk

Adam Taylor, Cicero Group
Phone:          0207 297 5971
Email:           Adam.Taylor@cicero-group.com

Notes to Editors:

Aldermore

Aldermore Group PLC is a specialist lender and savings bank offering straightforward products to Small and Medium-sized Enterprises (SMEs), homeowners, landlords and individuals, who we believe are often poorly- or under-served by the wider market.

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 March 2016, lending to customers stood at £6.5 billion and customer deposits totalled £6.2 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.

  • Mortgages
  • Press Release

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