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Taylor Wimpey sells 42pc through Help to Buy

Sarah Davidson

July 7, 2014

The housebuilder has completed sales on 5,766 homes through the equity loan scheme.

The average selling price increased from £188,000 to £206,000, while on private completions they increased by 9% from £205,000 to £224,000.

Taylor Wimpey attributes the increase to its focus on building in better quality locations.

The company said: “We are operating in a balanced housing market, with sales rates in the first half of 2014 showing the benefit of the traditionally strong spring selling season.

“After several years where a weak economy has reduced the number of customers able to get a mortgage, we have seen market-led house price increases across all of our regional markets.

“Customer confidence remains good, with increased employment security and a more affordable and accessible mortgage market underpinning demand.”

The company also praised the Bank of England’s high loan to income cap on residential mortgages and also the Mortgage Market Review.

It added: “We are focused on the long term and delivering sustainable returns for our shareholders and so welcome sensible measures to reduce long-term risk and protect stability, such as the new regulations following the Mortgage Market Review and the measures announced by the Bank of England in June.

“We consider these to be positive moves for the housing market and our business, reducing the risk of overheating and increasing the long-term health of the market.”


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