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Aldermore comments on RICS February figures

POSTED: 9th February 2017
IN: Newsroom
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Charles Haresnape, Group Managing Director of Mortgages at Aldermore comments:

“Given the inadequate supply of housing in the UK, combined with the pressures facing the buy-to-let sector, it is not that surprising that rents are expected to rise by 25 per cent over the next five years. This further supports our view that additional assistance is required for smaller developers which could go some way to alleviate the slow progress in addressing this deficit. In light of the Housing White Paper released this week, the latest RICs survey highlights the scale of the challenge the government faces.

“As house prices are expected to rise across most parts of the UK, and with only 5% of surveyors reporting an increase in new buyer’s enquiries, the survey reveals that the struggle for those who are looking to raise a deposit for their first home is likely to continue in 2017. In the Housing White Paper, the Government acknowledged that this trend cannot continue, and in an aim to address it, will focus on delivering the right type of housing in the right places through a new assessment of housing. This is something we support, as first-time buyers play a vital role in the UK housing market. Aldermore is committed to helping those with smaller deposits, especially at a time when house prices continue to grow at a faster pace than wages.”

-ENDS-

For further information, journalists can contact:

Rachael Snelling, Aldermore

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

Rozie Green, Lansons
Phone:          0207 566 9724
Email:            rozieg@lansons.com

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

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