Taylor Wimpey PLC

United Kingdom

TW.LSE▲

UK Housebuilders Surge on State-Backed 2.5% Deposit Scheme

British housebuilders rallied on Monday after the government announced a state-backed equity loan scheme to help first-time buyers purchase new-build homes with deposits of just 2.5%. The Ministry of Housing, Communities and Local Government said the scheme, called 'Your First Home,' will be confirmed at next month's Budget and will operate in England, supporting 2.5% deposits backed by 20% government-backed equity loans for first-time buyers purchasing a new-build property from a participating developer. Shares of Berkeley Group Holdings, Persimmon, Barratt Redrow, Taylor Wimpey, Bellway, Vistry Group and Crest Nicholson Holdings plc rose between 3% and 14.5%. Buyers will access the equity loans with an initial interest-free period, which the government said could save those who use the scheme hundreds of pounds per month compared with a 95% mortgage. The government said the scheme will help tackle the deposit barrier for first-time buyers and act as a stimulus for a new-build market facing challenging headwinds, with developers expected to make a contribution when signing up to help cover costs.

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BKG.LSE · Regulation · Positive Government's 'Your First Home' state-backed 2.5% deposit scheme is a policy stimulus for new-build demand, lifting Berkeley shares.

BTRW.LSE · Regulation · Positive Barratt Redrow rose as the government's state-backed equity loan scheme boosts first-time-buyer new-build demand.

BWY.LSE · Regulation · Positive Bellway gained on the government's 'Your First Home' scheme supporting 2.5% deposits for new-build buyers.

CRST.LSE · Regulation · Positive Crest Nicholson rallied on the state-backed deposit scheme stimulus for the new-build market.

PSN.LSE · Regulation · Positive Persimmon rose as the government's equity loan scheme aims to tackle the deposit barrier and stimulate new-build sales.

TW.LSE · Regulation · Positive UK government's 'Your First Home' state-backed 2.5% deposit equity loan scheme is expected to stimulate new-build demand, benefiting Taylor Wimpey as a participating developer.

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Taylor Wimpey cuts shareholder return policy to 4% of net assets amid housing downturn

Taylor Wimpey has reduced its total annual shareholder return policy from 7.5% to 4% of net assets, reflecting a prolonged housing market downturn and increased uncertainty. Group revenue rose to GBP1.68 billion, supported by higher average selling prices and land sales, but adjusted operating profit fell to GBP130 million from GBP161 million a year earlier, with gross margin down 200 basis points to 15.1%. UK completions excluding joint ventures declined 3.5% to 4,723, while the net private sales rate slipped 5% to 0.75 per outlet per week. Build cost inflation is expected to rise to 3% to 4% for the full year, and underlying pricing remains about 2% below prior-year levels. The company ended the half with net cash of GBP169 million and expects that to improve to around GBP250 million by year-end.

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TW.LSE · Capital · Negative Taylor Wimpey cuts shareholder return policy and reports lower operating profit and margin.

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Housebuilders face £4bn class action over price collusion claims

Major UK housebuilders are facing a class action lawsuit potentially worth more than £4 billion, filed on behalf of over 700,000 buyers of new-build homes between October 2015 and June 2026. The claim accuses Barratt Redrow, Taylor Wimpey, Bellway, Berkeley Group, Persimmon, Vistry Group, and Countryside Partnerships of sharing sensitive information on prices, buyer incentives, and sales activity, which allegedly weakened competition and drove up new-build home prices. Compensation is estimated at between £2.2 billion and £4.5 billion, equivalent to £3,100 to £6,200 per affected homeowner. The lawsuit, managed by consumer rights advocate Mark McLaren, requires approval from the Competition Appeal Tribunal before it can proceed. It follows a Competition and Markets Authority investigation that resulted in a record £100 million settlement and commitments to stop sharing sensitive pricing information.

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VTY.LSE · Regulation · Negative Accused of price collusion in a class action lawsuit potentially worth over £4 billion, following a CMA investigation.

BKG.LSE · Regulation · Negative Accused of price collusion in class action lawsuit, facing potential compensation of billions.

BTRW.LSE · Regulation · Negative Accused of price collusion in class action lawsuit, facing potential compensation of billions.

BWY.LSE · Regulation · Negative Accused of price collusion in class action lawsuit, facing potential compensation of billions.

PSN.LSE · Regulation · Negative Accused of price collusion in class action lawsuit, facing potential compensation of billions.

TW.LSE · Regulation · Negative Accused of price collusion in class action lawsuit, facing potential compensation of billions.

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