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Aldermore comments on Autumn Statement (Charles Haresnape)

POSTED: 23rd November 2016
IN: Newsroom
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Commenting on the Chancellor’s announcements on housing in the Autumn Statement, Charles Haresnape, Group Managing Director, Mortgages, at Aldermore, said:

“The government’s continuing support for smaller developers is an extremely positive step towards increasing the UK’s housing supply, but whilst we welcome the additional funding for 40,000 affordable homes, it remains a small number in relation to the UK’s million home deficit, which is set to grow by over 300,000 by 2020 if current construction levels are maintained. The opening up of Right To Buy on Housing Association homes will be seen by many as a positive, however it will only serve to further reduce the stock of available homes Housing Associations are able to offer.

“The UK has made steady progress in improving the levels of house building, but the bottom line is that we are still woefully underperforming. Despite having a reputation as a nation of homeowners, the UK now has the fourth-lowest home ownership levels in Europe at 63.5 per cent, down from 71 per cent in 2003. We support any new initiatives that will get the UK closer to building the recommended 250,000 homes a year, and look forward to the publication of the government’s housing white paper later this year, which hopefully will lead to a joined up housing policy that serves the needs of all in the market.”

*Ends*

For further information, journalists can contact:

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

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

 

Note to Editors:

For further information about Aldermore, please review our Notes to Editors page. 

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