Aldermore enters second phase of Help to Buy scheme

POSTED: 9th October 2013
IN: Newsroom

Aldermore, Britain's leading challenger bank, has announced it will be entering the second phase of the Government's Help to Buy scheme by January.

Help to Buy is an important scheme that will help many UK consumers to buy their first home or second steppers to move up to the next rung on the housing ladder.

Aldermore's products will be available both through intermediaries and directly from the bank.

Commenting on the news, Managing Director of Residential Mortgages at Aldermore Bank, Charles Haresnape said: "We are very excited to be a part of the second phase of the Help to Buy scheme. As a challenger bank, we felt it was important to take part in the scheme in order to give consumers more choice.

"It is an important scheme that will boost the housing market and contribute towards the recovery of the UK economy.

"We have been working towards a launch date of January 2014 which is when the Government originally said the second phase of the scheme would begin. We are doing all we can to bring our launch date forward if at all possible.

"The fears over Help to Buy creating a potential house price bubble have been greatly inflated in my view. As more demand flows into the market, this will be met with a greater supply of housing which will keep a lid on house prices."


For further information journalists can contact:

Nicola York, Cicero Group, 020 7297 5965

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

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