Aldermore comments on the Bank of England's Money and Credit statistics

POSTED: 31st October 2016
IN: Newsroom

Commenting on this morning’s Bank of England statistics, Charles Haresnape, Group Managing Director Mortgages at Aldermore said:

“In spite of the uncertainty from the decision to leave the European Union, it’s clear from today’s figures, and from others in recent weeks that the housing market continues to show resilience. 

“Record low-interest rates are providing an opportune time for homeowners and landlords to remortgage and as our recent research suggests, the outlook among first time buyers is positive for the year ahead. However, one thing we should keep a close eye on, is with 23 per cent of first-time buyers counting on family assistance to get on the housing ladder, the closing of the Help to Buy: Mortgage Guarantee scheme is likely to negatively impact those seeking higher LTV financing.  Lenders need to take a lead and should look to mitigate against an abrupt end to their higher LTV products.”


For further enquiries, journalists can contact:

Rachael Snelling, Aldermore
Phone:          0208 1853 102

Adam Taylor, Cicero Group
Phone:          0207 297 5971

Notes to Editors:

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