Budget: Chancellor's measures will help future housing supply but more houses are needed right now, says Aldermore

POSTED: 19th March 2014
IN: Newsroom

Commenting on the housing measures announced by the Chancellor today, Aldermore Bank's Residential Mortgages Managing Director Charles Haresnape says:

"The Chancellor's housing policies announced today will help to support the creation of over 200,000 new homes for families, which is great news for first time buyers and homeowners.

"Increasing the supply of housing is imperative in order to keep up with the current high demand and to ensure house prices rises are sustainable.

"It is also good news that corporations will be charged 15% stamp duty to stop people avoiding stamp duty by owning homes through a company and to open up the many empty properties that are held in corporate envelopes which will again help to increase the supply of property in the market.  

"However, it is also important that more sellers are encouraged into the market as these new houses will not be ready for some time. We need more housing now. It is imperative the Government does not lose momentum on this issue."


For further information journalists can contact:

Nicola York


020 7297 5965 / 07841 864 107

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