Taylor Wimpey Warns Over Plan To Build Discounted Homes For First-Time Buyers

Taylor Wimpey has warned that the government’s plan to build more than 200,000 discounted houses for first-time buyers could be in doubt because of confusion about how the scheme would work. Pete Redfern, chief executive, said the starter homes programme outlined in the autumn statement could work, but big questions remain unanswered, including over the impact on the affordable housing sector.  The government is introducing a new help-to-buy scheme for London and will lend buyers up to 40% of their deposit. Redfern said he supported the government’s aims and Taylor Wimpey wanted to take part in the plan, but that two key questions were how the 20% discount would be set and the involvement of local authorities. Read more on the Guardian website.