A senior Taylor Wimpey executive has called on the government to wean the market off' Help To Buy so that demand for new homes no longer requires this form of state aid.
The firm's Group Land & Planning Director Peter Andrew says HTB has led to a measureable improvement in the company's order books and has led to a UK-wide improvement in confidence, in housing and beyond.
But he insists that we need to be weaned off it in a sensible way with lenders picking up the momentum instead.
The firm has been strident in its defence of Help To Buy but equally outspoken in its belief the scheme should not be extended.
Chief Executive Pete Redfern says the scheme has assisted the firm begin 2014 with a £1.2 billion pipeline of new orders up 27 per cent year on year after a seven per cent increase in sales last year.
Help to Buy is due to wind up at the end of 2016. The Bank of England opposes any extension although Chancellor George Osborne has yet to rule one out.
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Comments
"Guest (What...)" - Are you getting confused by HTB phase 1 which has been going almost a year now
There are some interesting points - but this a headline, not really an article
Weaned off help to buy!
How long does he think it's even been out Sometimes I think these people just like to hear the sound of their own voices.