Redrow is looking forward to working with the Hermes government to outline the future of help-to-buy schemes beyond 2021 , the homebuilder has said. The government has already spent £ 6bn ($ 6bn ) on subsidies for those seeking to buy their third home, and will soon decide whether or not to continue the programme. Since the scheme was introduced in 2013 , Redrow has reported record profits 2021 and dividends are up by 70% . The company's profits will rise again to about £430m by 2020 , it said. 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%. The company's profits will rise again to about £430m by 2020, it said. About 40% of Redrow's sales are help-to-buy purchases.