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

Breaking News

As RRA Changes Loom, Thoughts from the Industry

Overview of changes due via RRA as of Friday 1st May Abolish section 21 evictions and move to a simpler tenancy structure where all assured tenancies are periodic – providing more security for tenants. Ensure possession grounds are fair to both tenants and landlords – giving tenants more security, while ensuring landlords can reasonably recover…
Read More →
Letting Agent Talk

Three steps landlords should take to pet-proof properties under new laws

With new pet rental rules set to come into force on the 1st of May, landlords are being urged to act quickly to prepare their properties and policies. The changes come at a time when demand for pet-friendly homes is far outpacing supply, with up to 13 million dogs across the UK but fewer than…
Read More →
Breaking News

Market continues to build momentum

Foxtons Lettings Market Index – March 2026 Market continues to build momentum, recovering from winter slowdown as supply strengthens   Lettings market continues to build momentum as we move further into the spring period. While renter demand remains below last year’s levels, March performance shows continued recovery from the winter slowdown. Market entering critical period…
Read More →
to let sign 2025
Letting Agent Talk

41% of letting agents unaware of rent rule changes

The latest research by The Letting Partnership has found that a significant proportion of letting agents remain unaware of key changes to rent in advance rules under the Renters’ Rights Act, despite the reforms coming into force from 1st of May 2026 and almost 40% of agents still taking more than one month’s rent up front.…
Read More →
Home and Living

How homeowners can fight back against rising energy bills

New research from Yopa warns that millions of homeowners are set to be hit with a 14% jump in energy bills this summer, wiping out recent savings and piling fresh pressure on household finances. In response, Yopa has analysed which home improvements are most effective at reducing energy use, looking at both the typical savings delivered…
Read More →
Breaking News

Homes selling as fast as last year

First time buyers in outer London hit hardest as higher borrowing costs and  high stamp duty costs weigh on sales times   The average time to sell a home is just 1 day longer than last year at 33 days, despite higher mortgage rates and 2 months of conflict in the Middle East However, areas…
Read More →