Taylor Wimpey sales boosted by government’s Help to Buy

City A.M. Reporter

ref="http://www.cityam.com/company/taylor-wimpey">TAYLOR Wimpey said yesterday its sales since the start of the year were at the upper end of its expectations, driven by an surge in interest after the government unveiled schemes to help struggling housebuyers.

The housebuilder said customer interest had increased by 15 per cent before the government introduced its schemes, and that it had seen risen further since the government announced its Help to Buy scheme in March.

“We have been able to capture this momentum and have supported our customers to reserve and register their interest in an additional 300 homes since the scheme was launched on

1 April,” chief executive Peter Redfern said.

The average private net reservation rate for the year to date rose to 0.67 sales per outlet, up from 0.62 last year while the value of its order book also increased by 18 per cent to £1.2bn.

The housebuilder also saw off a shareholder revolt yesterday after more the 16 per cent of investors voted against the company’s remuneration package at its annual general meeting.