Housebuilder Redrow praises government mortgage scheme
A HOUSEBUILDER with a development in Swadlincote has said the mortgage market has been boosted by government schemes to help first-time buyers.
Redrow Homes, the company behind the Priory Fields development, has praised the government-backed NewBuy scheme, which enables people to get a 95% mortgage.
Redrow, which this morning reported a 50% rise in pre-tax profits to £23 million for the six months to December, also said the market had been helped “significantly” by the Funding for Lending programme, which is offering up to £60 billion of cheap funds to banks and building societies.
In a statement, the company said: “If the current trend in reduction of mortgage rates continues, it will undoubtedly assist in the housing market’s gradual return to more normalised conditions.”
Business Cards From Only £10.95 Delivered www.myprint-247.co.ukView details
Our heavyweight cards have FREE UV silk coating, FREE next day delivery & VAT included. Choose from 1000's of pre-designed templates or upload your own artwork. Orders dispatched within 24hrs.
Terms: Visit our site for more products: Business Cards, Compliment Slips, Letterheads, Leaflets, Postcards, Posters & much more. All items are free next day delivery. www.myprint-247.co.uk
Contact: 01858 468192
Valid until: Friday, May 31 2013
Yesterday, Persimmon Homes, which has developments in Mackworth and Mickleover, reported pre-tax profits of £225.1 million for the year to December 31, up 52% from 2011.