Help to Buy figures welcome but scheme is not a cure for housing crisis

POSTED: 3rd January 2014
IN: Newsroom

Commenting on today’s Help to Buy mortgage scheme figures, Charles Haresnape, MD for Residential Mortgages at Aldermore said:

“The Help to Buy figures are a great illustration of how much demand is out there.

"While it is great to see the scheme is helping people get on the housing ladder, as well as giving many the opportunity to remortgage, we must not forget that the UK is currently facing a massive shortfall in the supply of property.

"Fuelling demand with government grants without addressing the supply-side problems is only storing trouble up for the future.

"I welcome the government's help for buyers and those looking to remortgage, but it must be matched by incentives for builders and the abolition of red tape which is holding back building projects". 


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