Commenting on the latest house building statistics from DCLG, Charles Haresnape, Managing Director of Mortgages and Commercial Lending at Aldermore, says:
“There are some positive housing statistics out today. It is encouraging to see that the number of house building starts have increased by 18% in Q2 of 2014 compared to the same period last year. Completions are also up by 6% year on year.
“However, there is more that can be done; both starts and completions are still well below their March quarter 2007 peak. The Government and banks must continue to support smaller property developers who are most likely to plug this gap, and especially those developments outside London and the South East.”