Demand for new build homes holds steady
DEMAND for new homes is holding steady amid help from various government schemes, some of the UK's largest builders said.
Redrow and Taylor Wimpey told the City that while access to mortgage finance was still restricted, initiatives such as NewBuy, which underwrites 95 per cent mortgages with participating lenders, had helped confidence.
Bovis Homes added that prices in the housing market were broadly stable, with prices generally stronger in the south of England.
Taylor Wimpey said it hoped to see further improvements in mortgage lending over the coming months as the Government's Funding for Lending scheme gained more traction.
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