City Of London
Pricey Mortgages Wreak Havoc on Britain’s Top Homebuilders
- Taylor Wimpey, Persimmon and Barratt all warned of uncertainty
- Higher mortgage rates are weighing on demand for new UK homes
An employee fixes tiles to the roof of a home at a Taylor Wimpey Plc residential housing construction site in Hoo, UK.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
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The sharp increase in the cost of a mortgage is triggering a slump in demand for new homes, according to three of Britain’s biggest homebuilders.