Government completes first Help to Buy deal, Taylor Wimpey benefits

So, after the Government announcement in the last budget of their intention to prop up house prices with the Help to Buy scheme, the first beneficiaries are moving into their taxpayer backed home.

The first property deal under the Government’s Help to Buy has just been finalised on a Taylor Wimpey home in Liverpool.

A young couple relocating to the North West from Northern Ireland have bought the three bedroom home at Taylor Wimpey’s Speakman Gardens development in Prescot.

The housebuilder said it has seen a rise in visitor levels and new home reservations this year, as a result of improvements in consumer confidence.

Taylor Wimpey go on to say;

Peter Redfern, chief executive of Taylor Wimpey, commented: “The new Help to Buy housing measures have been welcome news for home hunters.

“We have seen significant increases in customer interest following its announcement and the scheme has already proven popular for those looking to get onto or move up the housing ladder.

“In fact, since its launch on 1 April, we have helped customers purchase, reserve or register their interest in an additional 300 homes.

“The measures announced by the Chancellor will help home builders get Britain building and add a welcome vibrancy to both the new and second hand market over the next three years.

http://bdaily.co.uk/industrials/30-04-2013/first-help-to-buy-deal-completes-in-liverpool/

Persimmon reported, as mentioned here, that they were seeing an increase in interest after the budget and now Taylor Wimpey  join them.  As suggested here, the UK housing market is too big to be allowed to fail, and it would seem the latest scheme could well be quite popular, especially with the housebuilders.