A good start to 2017 says Taylor Wimpey plc
Taylor Wimpey plc released their trading statement yesterday for the period covering 1 January 2017 to 27 April 2017.
Pete Redfern, Chief Executive, commented: “We‘ve had a good start to 2017, with positive customer demand and good mortgage availability supporting a strong sales rate. We remain well positioned to make further progress in 2017 which supports us in our strategy to deliver sustainable growth and returns through the cycle.
“In previous election periods, we have seen a slowdown in the housing market as customers pause before making major financial decisions like buying a home. We are optimistic that in 2017, assuming no major policy changes, the upcoming General Election will not disrupt this positive market sentiment.
“Our review of leases with ten year doubling ground rents is now complete and, following conversations with freeholders and lenders, we are today announcing measures which will address our customers‘ concerns in an appropriate and fair manner. Whilst there is a financial cost to the Group related to this course of action, we confirm that our dividend targets and land investment programme are not impacted“.
To read the trading update in full click here
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