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Homeowners and landlords taking advantage of low interest rates says Aldermore

POSTED: 20th October 2016
IN: Newsroom
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Commenting on this morning’s CML data, Charles Haresnape, Group Managing Director Mortgages at Aldermore, said:

“The latest CML figures suggest that record low interest rates are providing an opportune time for homeowners and buy to let landlords to remortgage. 

“I think it’s important to remember that while the backdrop of Brexit may make some people more cautious, there is still a huge demand from people looking to buy. Recent research by Aldermore shows that confidence remains strong among First Time Buyers, even after the decision to leave the European Union, with around a million people who have never previously owned a property planning on purchasing their first home in the coming year.”

**Ends**

For further enquiries, 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 June 2016, lending to customers stood at £6.8 billion and customer deposits totalled £6.5 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.

 

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