Breaking news from the BBC Paper tax returns to be replaced by digital by 2020


Chancellor George Osborne delivers his last budget before the General Election


Tax planning for 5 April 2015


HMRC gets £342m in Swiss-UK tax deal


Have you used you annual Capital gains Exemption? March 2012


HMRC: The VAT Outstanding Returns Campaign


Contact Us

News Items

Tax Tips

Great with People
Brilliant with Numbers
Clear and Precise with Words

Call us now on 023 8083 6900 ABDS Home

News - 15 January 2014

Barratt sales lifted by Help to Buy scheme

Barratt Developments, the house builders, completed 6,195 new homes in the six months to the end of last year, up 19% on a year earlier. Of these, they claim, 29% of the houses were bought using the government's Help to Buy scheme.

Tonmoy Kumar, Manager of the Accounts Department of ABDS comments:
“Their average selling price for the period rose to £211,000, up 13.7% from the previous year's figure of £185,500, and their forward sales are up 70.6% on the same period a year earlier to £1,265.8m.”

Both Barratt and its rival housebuilders have benefited from the government's move last year to help struggling house buyers by providing loans and guaranteeing mortgages with its Help to Buy scheme.

The first phase of the scheme was launched last April, but only provided help to first-time buyers buying new-build homes.

The extended scheme, launched last November, applies to all buyers and all types of homes, up to a value of £600,000.
If you need any help and advice for your business on the implications of central and local Government Funding initiatives and the construction industry, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar to discuss how ABDS can help

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail:

Great with People  Brilliant with Numbers Clear and Precise with Words

« Back to News