Bellway reservations rise
Published: 10 December, 2012
Housebuilder Bellway said reservation levels have improved, compared with a year ago, in a trading update covering the 18 week period to thew end of November.
It said customers' ability to access higher loan to value mortgage finance has improved slightly as a result of the continuation of the government's NewBuy mortgage indemnity scheme.
This has helped reservation levels, net of cancellations, to rise to an average of 100 per week, which is a 6% increase compared with the previous year.
So far in the current financial year the group has recorded 3951 sales, compared with 3748 a year ago, which represents 72% of its annual target.
Bellway anticipates that legal completions will increase by around 5% for the six months to end January next year.