A good start to 2017 says Taylor Wimpey plc

April 28, 2017

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

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Home and Living

Mould Tops List of Bathroom Red Flags For Homebuyers

Mould, Space & Water Pressure: 3 Bathroom Deal-breakers Affecting House Sales This Spring   Almost 9 in 10 (88%) Brits say at least one bathroom issue would put them off making an offer on a house.   Mould (60%), lack of space (44%), and water pressure (37%) are the top three deal-breakers, with concern intensifying…
Read More →
Home and Living

10 Common Carpet Stains and How to Remove Them

Carpets rarely get dirty in one obvious moment. It’s usually something you don’t notice right away. A bit of coffee in the morning when you’re half awake. Someone walks in with slightly wet shoes. Something small gets dropped during dinner and wiped quickly, but not completely. None of it feels important at the time. Then,…
Read More →
bank of england interest rate
Breaking News

Industry Response to Bank of England Rate Hold

The Bank of England has just announced its decision to hold the base rate at 3.75%. This decision comes as a result of wider economic uncertainty and inflation (CPI) increasing to 3.3% in March and remaining above the Bank’s 2.0% target.   Matt Smith, Rightmove’s mortgage expert “A Bank Rate hold is actually positive news…
Read More →
Letting Agent Talk

England’s non-decent homes could fall by 20%, but it will cost £1.43bn

The latest insight from Inventory Base indicates that the number of non-decent homes in England could be reduced by 20% over the next ten years. However, the sector must recognise that even this modest and achievable reduction would come at a substantial cost of £1.43 billion.   Inventory Base’s analysis of government data shows that,…
Read More →
Estate Agent Talk

Agents face growing stock backlog as slower market leaves more homes unsold

The latest research by GetAgent has revealed that estate agents are facing a growing backlog of unsold homes as the proportion of stock being converted into sales has fallen across almost every region of the market over the last year.   GetAgent analysed current sales turnover rates across the market, measuring the number of homes…
Read More →
what is happening to house prices
Breaking News

Renters’ Rights Act – What landlords should do now

On 1st May 2026, the first raft of measures in the Renters’ Rights Act (RRA) come into force in England. Here are the key changes to be aware of and steps landlords need to take:   Periodic ‘rolling’ tenancies will replace fixed-term tenancies. The common minimum six or 12-month commitments will disappear, and tenants will…
Read More →