Redrow Homes is looking forward to working with the UK government to outline the future of help-to-buy schemes beyond 2021, the homebuilder has said. The government has already spent £4.6bn ($6bn) on subsidies for those seeking to buy their first home, and will soon decide whether or not to continue the programme. Since the scheme was introduced in 2013, Redrow has reported record profits each year and dividends are up by 70%. But it said that while there had been a “significant improvement” since 2012, more needed to be done to ensure people were able to get into homes they wanted without having to pay inflated prices. If Keith Hellawell, chairman of Sports Direct, was serious about the commitment he gave a year ago to earn the respect of outside shareholders, there was one easy course of action open to him: he could have met a few rebels. About 40% of Redrow's sales are help-to-buy purchases.
Redrow Homes is looking forward to working with the UK government to outline the future of help-to-buy schemes beyond 2021, the homebuilder has said. The government has already spent £4.6bn ($6bn) on subsidies for those seeking to buy their first home, and will soon decide whether or not to continue the programme. Since the scheme was introduced in 2013, Redrow has reported record profits each year and dividends are up by 70%. But it said that while there had been a “significant improvement” since 2012, more needed to be done to ensure people were able to get into homes they wanted without having to pay inflated prices. About 40% of Redrow's sales are help-to-buy purchases.