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Wednesday, February 27, 2019

Taylor Wimpey reports £811m in profits boosted by help-to-buy

Housebuilder says it has yet to see any signs of Brexit-related slowdown in demand

Taylor Wimpey is the latest housebuilder to report bumper profits for last year, boosted by the government’s help-to-buy scheme and low mortgage rates, as it signalled a strong start to 2019 despite Brexit uncertainty.

Britain’s third largest homebuilder posted a pretax profit of £810.7m for 2018 – up 19% on the previous year – after selling 15,275 homes. Shares rose 3% making it one of the top risers on the FTSE 100.

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