Taylor Wimpey has sold all of its new build homes this year – and this is partly due to the government’s Help to Buy mortgage scheme.
All the homes due for completion in 2013 have been sold, as well as over 30 per cent of the houses to be built in 2014.
Pete Redfern, chief executive, said that it welcomed the government scheme: “Help to Buy continues to prove popular and we are seeing our customers from Edinburgh to Exeter using the scheme to get onto or move up the housing ladder.”
The Help to Buy mortgage scheme began in Scotland on September 30th, with a shared equity scheme similar to the one that started in England in April 2013.
Mr Redfern also said that customer confidence had improved, thanks to a more available and accessible mortgage scheme being provided. As a result of the improved trading environment, the house building company said it was still on track to meet profit expectations for the full year.
The company operates from 24 regional offices located across England, Scotland and Wales, and builds over 10,000 homes every year.